President Donald Trump expressed optimism about reaching a trade deal with China soon, anticipating an agreement within three to four weeks as tensions over escalating tariffs have reached new heights. Tariffs on China currently stand at 245%, complicating US-China economic dynamics. Experts suggest that while Trump feels he holds leverage in the trade battle, Xi Jinping may have strategic advantages that allow China to withstand prolonged negotiations. The situation remains uncertain without immediate input from Beijing regarding their willingness to negotiate.
"I believe we're going to have a deal with China," said Trump during an executive order signing session in the Oval Office alongside Secretary of Commerce Howard Lutnick.
"It's a game between China and the US in terms of who's going to blink first," Nick Vyas, the founding director of USC Marshall's Randall R. Kendrick Global Supply Chain Institute, told Business Insider before Trump's Thursday remarks.
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