President Trump addressed the high tariffs imposed on China during a press conference, indicating that the rate of 145% is 'very high' and would substantially decrease in the future. While he emphasized a positive relationship with President Xi and hinted at potential negotiations regarding tariffs, he confirmed they would not eliminate tariffs entirely. This follows a strategy where Trump previously suggested he wouldnât further increase tariffs unless necessary, pointing towards a nuanced approach in US-China trade negotiations as tensions escalate with retaliatory tariffs from both sides.
President Trump mentioned that tariffs on China would not reach zero and would 'come down substantially,' hinting at a more flexible trade negotiation.
Despite reinforcing high tariffs, Trump expressed optimism about US-China relations, stating they would 'be very good to China' and have a great relationship with President Xi.
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