End of US-China trade war? Trump now says that the tariff on China will be reduced considerably ‘

US President Donald Trump has suggested that the historically high tariffs he had imposed on Chinese imports will not run. Speaking from the Oval Office on Tuesday, Trump told reporters that the 145% tariff rate would eventually be “significantly reduced”, even he maintained a confident tone about America’s bargaining situation.
“145% is too high, and it won’t be high,” Trump said. “No, it will not be anywhere near that high. It will come down to a large extent. But it would not be zero – we used to be zero. We were simply destroyed. China was taking us for a ride.”
“We are going to be very good, they are going to be very good, and we’ll see what happens. But finally,” he said, “they have to make a deal because otherwise they are not going to be able to deal with the United States.”

President Trump says that tariffs with China will come down to a large extent WSJ News

Shortly after Treasury Secretary Scott Besent warned behind the closed doors, Tram changed the tone that the ongoing American-China trade deadlock is unstable. “No one thinks the current status quo is durable,” Besant allegedly told investors at the JP Morgan Chess Forum in Washington.
The current tariff reflects several rounds of increase in landscape, with sugar imports now under 145%tariff. In response, China has imposed an anti -125% counter -tariff on US exports. Electronics such as smartphones and semiconductors are exempted, while 20% “blanket” tariff is associated with fantanel-related concerns.
The formal interaction between Washington and Beijing has not begun. However, the White House press secretary Karolin Lewitt said that more than 100 countries have expressed interest in the new trade systems after Trump’s recent announcement of the global tariff – although China is not yet among them.
Despite the absence of interaction with Beijing, Levit stated that the administration is “setting” for the future deal with China and “doing very well” over business.
Market reactions suggest cautious optimism. After Besant’s comments, the US stock index increased by more than 2%, indicating that investors could bet on reducing stress – even if the road remains long for any agreement.

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