Trump says tariff on China will 'come down substantially' from 145 percent
Source: The Hill
04/22/25 6:15 PM ET
President Trump said Tuesday that the hefty tariff rate on China will significantly be reduced after he negotiates with Chinese President Xi Jinping, expressing optimism about a trade deal.
145 percent is very high. It wont be that high, its not going to be that high
it wont be anywhere near that high, Trump told reporters in the Oval Office. It will come down substantially, but it wont be zero.
The overall tariff level imposed on China is 145 percent, which remained in place after Trump delayed the reciprocal tariffs on other trading partners for 90 days and reduced them to 10 percent. Were going to be very nice. Theyre going to be very nice, and well see what happens. But ultimately, they have to make a deal because otherwise theyre not going to be able to deal in the United States, Trump said, referring to China.
He cited his relationship with Xi as his reason for being optimistic about a deal. The White House said earlier Tuesday that it was setting the stage for a deal with China, seeking to reassure nervous financial markets and investors that progress with Beijing could be imminent.
Read more: https://thehill.com/homenews/administration/5261948-trump-optimistic-china-trade/

Walleye
(39,752 posts)China will not be bullied. Businesses need certainty and consistency. Something he hasnt shown at all. He doesnt understand that nobody wants to do business in the United States now. Never bargains in good faith.
oasis
(52,225 posts)
Bernardo de La Paz
(54,817 posts)oasis
(52,225 posts)dont have the cards.
Hopefully, someone in the press corps will repeat those words back to Trump in this present situation.
Girard442
(6,623 posts)...then TSF announces a devastating new policy. Market tanks, BFFs clean up. Time passes.
Then BFFs buy a mess of stocks. TSF then announces policy is (somewhat) rescinded. Stocks rebound. BFFs clean up again.
Lather, rinse, repeat. All the while the economy takes repeated blows to the head, sustaining injuries that won't heal for years.
Javaman
(63,648 posts)He realized he dug a hole there was no way of getting out of
Moron
tanyev
(46,152 posts)
Ray Bruns
(5,150 posts)Surrendered. Backed down. Knuckled under. Waved the white flag. Threw in the towel. Capitulated. Yielded. Quit. Acquiesced.
Great negotiator my backside.
Prairie Gates
(4,907 posts)Zambero
(9,833 posts)the_liberal_grandpa
(185 posts)only to distract or manipulate the market. Let's see what he actually does.
I notice all the fools in the market are lapping up what he said like its a done deal.
Stay tuned. He will fuck it up no doubt.
SoFlaBro
(3,428 posts)republianmushroom
(19,546 posts)Martin68
(25,509 posts)Are his follower's stupid enough to buy that?