From 145% To WHAT? Trump Signals Tariff ROLLBACK On China |Is U.S.-China Trade Entering A New Deal?
Video Credit: Oneindia - Duration: 05:46s - Published
From 145% To WHAT? Trump Signals Tariff ROLLBACK On China |Is U.S.-China Trade Entering A New Deal?
President Trump signals a potential rollback of his steep China tariffs, saying they’ll “come down substantially, but won’t be zero.” His comments follow Treasury Secretary Scott Bessent’s prediction of a “de-escalation” in the trade war, calling current rates unsustainable.
Trump imposed 145% tariffs on Chinese goods, prompting 125% retaliation from Beijing.
As markets rebound and interest rate fears rise, insiders suggest change is coming—but Trump insists, “We’re doing fine with China.” Is a new phase of U.S.-China trade about to begin?
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U.S. Treasury Secretary Scott Bessent declined to confirm direct tariff negotiations with China, suggesting that Beijing faces severe economic fallout if current trade barriers persist. Speaking to reporters, Bessent cited potential Chinese job losses in the millions and argued that the U.S. trade deficit puts pressure on China to act. While avoiding specifics on communications, he hinted at the unsustainable nature of China’s tariff stance. Beijing denies ongoing talks. The standoff continues, clouded by diplomatic silence and sharp warnings of economic instability from Washington.
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U.S. Treasury Secretary Scott Bessent has admitted that the ongoing tariff war with China, sparked by President Donald Trump's massive 245% tariffs, is "unsustainable."..
The White House commented on reports over US President Donald Trump's possible deal with China's Xi Jinping over tariffs amidst the escalating trade war.
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