Trump says tariff on China will ‘come down substantially’ from 145 percent
- U.S. President Donald Trump announced he would substantially lower the 145% tariffs on Chinese goods, acknowledging that the rate was 'very high' and not sustainable.
- China's Foreign Ministry reiterated that the door for talks is wide open and no one wins in trade wars.
- Trump stated he has no intention of firing U.S. Federal Reserve Chair Jerome Powell, despite previous comments that created market jitters.
- Treasury Secretary Scott Bessent mentioned negotiations with China would be a slog, but both sides agree the current situation is untenable.
303 Articles
303 Articles
Why Trump Will Blink First on China
U.S. President Donald Trump will probably blink first. The first sign of that came Tuesday when he said that 145% tariffs on China will “come down substantially” and Treasury Secretary Scott Bessent predicted “de-escalation” in the de facto trade embargo between the world’s two largest economies. Both sides would certainly benefit from finding agreement. The trade war has vaporized trillions of dollars from the stock market, caused the dollar to…
Trump says he might lower tariffs on China. Unless the number comes way down, experts say it won't matter
U.S. President Donald Trump told reporters Tuesday during a news conference that tariffs would 'come down substantially,' but wouldn't disappear completely. Experts say rates would need to drop to 10 or 20 per cent in order for trade to return to some kind of normalcy.
Trump the 'dealmaker' is finding reality won't bend to his will
For a man who has spent a lifetime bending reality to his will, President Donald Trump is starting to see his own reality being bent out of shape. Trump is expected to make yet another U-turn on his apparently hardline tariffs by reducing the 145 per cent rate he has placed on China to end the escalating trade war.He has also backtracked on a promise to fire the head of the country’s central bank after his words coincided with US stocks tanking …
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