US EditionTrump says tariffs on China ‘not sustainable’, confirms meeting with Xi in two weeks
Trump acknowledged 100% tariffs on Chinese goods are unsustainable but imposed them due to China's rare earth export controls, with a high-level meeting planned to ease tensions.
- U.S. President Donald Trump stated that his proposed 100 percent tariff on Chinese goods is 'not sustainable' and attributes trade talks issues to China's tighter control over rare earth exports.
- Trump confirmed a meeting with Chinese President Xi Jinping in two weeks, expressing optimism about the upcoming discussions.
- In early trading, major U.S. stock indexes showed modest gains attributed to Trump's softened tone about tariffs.
- U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are scheduled to discuss ongoing trade negotiations, indicating a potential easing of tensions.
108 Articles
108 Articles
US President Trump sends signals for a compromise in the customs dispute with China.
Only 100 percent tariffs, and now again willingness to talk: Trump's new statements give rise to hopes for a de-escalation in the trade conflict. The WTO warns: Decoupling the two largest economies can break global economic performance by seven percent.
読売新聞オンライン
GV WireTrump Says 100% Tariffs on China Not Sustainable, Still Plans to Meet Xi
WASHINGTON, Oct 17 (Reuters) - U.S. President Donald Trump said his proposed 100% tariff on goods from China would not be sustainable, but blamed Beijing for the latest impasse in trade talks that began with Chinese authorities tightening control over rare-earth exports.
Scott Bessent confirmed a forthcoming meeting with Deputy Prime Minister He Lifeng to coordinate the presidential dialogue, as the US and China escalate their disagreements on new restrictions on rare earth trade
Trump admits that the tariff hike to China is unsustainable and hopes to negotiate with Xi Jinping at the APEC summit in South Korea.
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