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Trump Says He Won’t Lower China Tariffs to Jump-Start Talks

  • President Trump declined to reduce the steep 145% tariffs he imposed on goods from China ahead of the scheduled trade discussions in Switzerland in early May 2025.
  • The tariffs remain amid ongoing tensions and contrasting internal administration views on possible phased reductions to revive negotiation efforts.
  • Treasury Secretary Scott Bessent acknowledged that the administration had not yet engaged in talks with China despite prior claims of communication between the two leaders.
  • Trump stated that China 'deserves it' regarding the tariffs and likely will absorb the associated costs, emphasizing his firm stance with a clear 'No' to lowering tariffs to prompt talks.
  • The sustained tariffs continue to cause dispute among both Chinese officials and American stakeholders, impacting the prospects for constructive dialogue in trade relations.
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Portfolio.hu broke the news in on Wednesday, May 7, 2025.
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