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- Trump plans to lower the 145% tariff on Chinese goods.
- He remains hopeful about a trade agreement with China.
- Talks with China are tied closely to his relationship with President Xi.
Former President Donald Trump announced his intention to reduce the 145% tariff currently imposed on Chinese goods. He spoke from the Oval Office, assuring reporters that the rate would not remain at that level. Trump noted that it would decrease by a wide margin, although it would not drop to zero.
The tariff increase came initially in response to a tougher stand against China. It accompanied a 90-day postponement of reciprocal tariffs against the rest of the world, where the rate was reduced to 10%. This impacted both the international market and diplomacy.
Trump explained that the aim is to leverage the tariff but not punish. He kept a firm but non-adversarial tone, communicating a willingness to negotiate. The message was unmistakable: the U.S. wants equal terms, not isolation.
Optimism Rooted in Diplomatic Relations
Trump said that he was confident in the process and cited his friendship with Chinese President Xi Jinping. He underscored that both parties desire a positive result. In his view, mutual respect and pragmatic benefits will lead the way.
His remarks indicated that the administration sees the tariff not only as a tool of trade but also as a political message. Trump indicated that China can continue to prosper but not at the cost of the U.S. economy.
He reiterated his call for trade balance. His words were also designed to help alleviate investor and financial market concern. The White House had previously suggested that it was laying the groundwork for a deal. Trump’s blunt words helped to reinforce that strategy. By speaking of relationships and results, he created an image of collaborative competition.
Trump Reports Fast Progress in Negotiations
Trade talks are not restricted to Beijing. Trump confirmed that he has spoken to numerous world leaders since the 90-day halt. He indicated that things are going at a quick pace and that the deals are likely to be made soon.
The government is also studying 18 trade proposals submitted by different nations. This indicates a general redrawing of the trade map of America. Investors have been informed by Treasury Secretary Scott Bessent that de-escalation with China will be a likely prospect.
His remarks echoed Trump’s belief that markets can be open alongside robust national policy. Trump stressed that a bargain should be beneficial to America first. But he was optimistic that everyone could benefit from equitable agreements.
He concluded that if negotiations fail, his side is prepared to proceed under its terms after the hiatus. The message to China and to the world was unmistakable: the U.S. welcomes trade, but not unfair trade.
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