More
    HomeAsian economyTrump floats cutting slashing China tariffs to 80% with talks ahead

    Trump floats cutting slashing China tariffs to 80% with talks ahead

    Published on

    President Trump said trade negotiations with China will be “substantive” and contrasted the UK trade negotiations with the more strained relationship with Beijing and the European Union.

    “We can all play games,” Trump told reporters at the Oval Office. “Who made the first call? … Doesn’t matter. It only matters what happens in that group. But I will tell you that China very much wants to make a deal.”

    Top US officials, including Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer, are set to meet with Chinese counterparts this weekend in Geneva, Switzerland, for preliminary talks. The goal is deescalation, rather than progress on a specific trade deal, Bessent said.

    On Wednesday, Trump said that he would not make concessions to get China to the negotiating table. But when asked on Thursday if China tariffs could be lowered, Trump said they might be, depending on how trade talks go.

    “We’re going to see,” Trump said. “Right now it’s at 145%. You can’t get any higher than that, so we know it’s coming down.”

    More broadly, Trump suggested that more trade deals will be in the offing soon.

    “This is just the beginning,” Trump said. “We’re going to be having conferences, or, at some point, we won’t have conferences, we just put out a statement that we just signed this country, that country. And after a number of these are done — nobody has enough people to do it — we’re just going to put out, ‘X country is going to pay this. And if they open up, they’re going to do this and that.'”

    Source link

    Latest articles

    What is Tinikling? Filipino Young Professionals of Houston share culture of traditional folk dance with ABC13 for AAPI month

    HOUSTON, Texas (KTRK) -- If you've been to any event or celebration honoring Filipino...

    What to expect from U.S. and China’s icebreaker trade talks

    U.S Trade Representative Jamieson Greer, U.S Secretary of the Treasury Scott Bessent, Switzerland's President...

    Nghi Vo’s continues her queerification of ‘The Great Gatsby’

    During our video call, fantasy author Nghi Vo tells me that she plans to...

    Asian markets remained mixed ahead of US-China trade talks

    Asian markets gave a mixed performance on Friday as investors watched cautiously...

    More like this

    Asian markets remained mixed ahead of US-China trade talks

    Asian markets gave a mixed performance on Friday as investors watched cautiously...

    Sensex Today | Stock Market LIVE Updates | Sensex slumps over 700 pts, Nifty below 24,100; Asian Paints, Eternal drop 2% each

    09:40:26 AM IST, 09 May 2025Sensex Today | Stock Market LIVE Updates | Defence...

    Asian Stocks to Rally as Trade Hopes Boost Outlook: Markets Wrap

    Asian stocks were poised to gain on Friday after President Donald Trump announced a...