US EditionTrump says tariffs on China ‘not sustainable’, confirms meeting with Xi in two weeks
Trump calls the 100% tariff on Chinese imports unsustainable but insists it was forced by China's rare earth export controls ahead of trade talks with Xi Jinping.
- President Donald Trump said Friday that his threatened 100 percent tariffs on Chinese goods were not sustainable and confirmed he will meet Xi Jinping, President of China, in South Korea later this month.
- China's tightened export controls on rare earth minerals last week prompted retaliatory measures from the U.S. administration, as these critical inputs dominate tech manufacturing.
- Treasury Secretary Scott Bessent said negotiators have a framework to avert harsher tariffs and emphasized, `We won't negotiate because the stock market is going down, we will negotiate because we are doing what is best economically for the U.S.`
- Markets reacted to the prospect of talks and a potential off‑ramp as major U.S. stock indexes rose modestly after Trump softened his tone, with officials emphasizing the Nov. 1 deadline.
- Earlier this year tariffs briefly peaked at 145%, and analysts warn sweeping levies risk halting commerce and keeping volatility high, heightening global supply chain concerns.
111 Articles
111 Articles
Washington. US President Donald Trump acknowledged that his proposal to impose 100 percent tariffs on products from China would not be sustainable and said he would meet China’s president Xi Jinping at the end of the month in South Korea, according to excerpts from an interview.
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.
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