President Trump anticipates substantial trade discussions with China this weekend, suggesting that the high tariffs of 145% on Chinese goods could be reduced. US and Chinese officials are set to meet in Switzerland for negotiations, signaling hope for progress in ongoing trade tensions that have affected the global economy.
In a notable development, President Donald Trump expressed optimism regarding upcoming trade discussions with China, set to take place this weekend. He stated that the current outrageous tariffs on Chinese goods—currently at a staggering 145%—are likely to be reduced. This dialogue marks a significant step after over two months of stagnation in US-China trade relations, a situation that has been a cause for concern globally.
Trump made these comments during a White House event, where he also introduced a new trade agreement with Britain. His remarks signaled a potential softening in the administration’s stance towards Beijing. As both nations prepare to send high-level officials to Switzerland for negotiations, there is cautious hope for progress in what has been a challenging trade war.
The administration has been busy in recent months, looking to finalize several trade agreements. As part of this effort, the US has deferred some tariffs on other countries, yet tariffs against China have remained steadfast. Trump was asked directly whether tariffs would see a reduction should talks be productive, to which he responded, “It could be.” He further noted, “You can’t get any higher. It’s at 145, so we know it’s coming down,” framing the meeting as a friendly engagement.
The planned talks in Switzerland will feature high-profile attendees, including US Treasury Secretary Scott Bessent, chief trade negotiator Jamieson Greer, and He Lifeng, China’s top economic official. This meeting is anticipated to be the first constructive step toward addressing the ongoing trade hostilities that have impacted the global market.
Trump also conveyed his belief that China is eager to reach an agreement. He remarked, “I think we’re going to have a good weekend with China,” emphasizing the potential advantages for Beijing. He noted that they may have “far more to gain than we do, in a sense.”
When questioned about the prospect of contacting Chinese President Xi Jinping post-discussions, Trump replied affirmatively, “I might, yeah, sure.” His history of respect towards Xi has not shifted, despite ongoing trade tensions and previous criticisms of China’s roles in various global issues, including the COVID-19 pandemic.
Trade has consistently been a focal concern for Trump, who highlighted the significant trade surplus China holds with the US, which he wishes to address. “I would like to see China open,” he stated, projecting a hopeful view for the negotiations ahead. Trump concluded, “I think it’s going to be substantive. China wants to do something, and look, they have to at this point.”
In summary, President Trump’s comments ahead of this weekend’s US-China trade talks reflect a sense of optimism about potential tariff reductions. The high-level discussions in Switzerland may represent a pivotal moment in the ongoing trade conflict. Trump believes both nations stand to gain from a successful negotiation, asserting that China has much to gain from an agreement. With global economic ramifications on the line, the outcomes of these talks are being closely watched.
Original Source: www.indiatoday.in
