Trump lowered his stance and considered reducing tariffs on China to 50%
On the afternoon of April 22nd, Trump told reporters in the Oval Office of the White House, "A 145% tariff on China is very high. It won't be that high. It will drop significantly, but not zero."
According to a report by The Wall Street Journal on Wednesday 23rd, a White House official said that tariffs on Chinese imports might be reduced to about 50% to 65% of the previous level.
The insider said that Trump has not made a final decision yet, negotiations are still ongoing, and there are currently several options available. At present, the tensions between China and the United States have disrupted global trade and investment.
The White House of the United States has not responded to requests for comment yet.
According to an earlier report by Bloomberg, Trump promised that "he will be very good to China" and predicted that the final tariff rate of the United States on China "will be far from reaching" the 145% level he has set. He also said, "We will be very kind to them." They will also be very friendly. Let's wait and see. But in the final analysis, they must negotiate with us; otherwise, they won't be able to reach an agreement with the United States.
This development is undoubtedly welcome news for investors, who have been disturbed by the aggressive measures taken by the White House in recent weeks.
Meanwhile, China said on Wednesday that it is open to trade talks with the United States. However, Beijing warned that it will not hold talks under continuous threats from the White House. People who have consulted with Chinese officials said that within China's decision-making circle, Trump's remarks on Tuesday were seen as a sign of his concession.
According to a report by The Wall Street Journal on Wednesday 23rd, a White House official said that tariffs on Chinese imports might be reduced to about 50% to 65% of the previous level.
The insider said that Trump has not made a final decision yet, negotiations are still ongoing, and there are currently several options available. At present, the tensions between China and the United States have disrupted global trade and investment.
The White House of the United States has not responded to requests for comment yet.
According to an earlier report by Bloomberg, Trump promised that "he will be very good to China" and predicted that the final tariff rate of the United States on China "will be far from reaching" the 145% level he has set. He also said, "We will be very kind to them." They will also be very friendly. Let's wait and see. But in the final analysis, they must negotiate with us; otherwise, they won't be able to reach an agreement with the United States.
This development is undoubtedly welcome news for investors, who have been disturbed by the aggressive measures taken by the White House in recent weeks.
Meanwhile, China said on Wednesday that it is open to trade talks with the United States. However, Beijing warned that it will not hold talks under continuous threats from the White House. People who have consulted with Chinese officials said that within China's decision-making circle, Trump's remarks on Tuesday were seen as a sign of his concession.
