21 minutes agoTrump signals 80% tariff to China, global trade in the face of a new turn
Periskopi(a year ago)
(a year ago)President Donald Trump has suggested a possible reduction of tariffs to Chinese products from 145% to 80%, naming the measure as the right “ ” to ease tensions in the trade struggle with China. In a post on the Truth Social platform, Trump stressed the need for China to open its market more for [...]
In a post on the Turkish Social platform, Trump stressed the need for China to open its market for the US more, arguing that closed markets no longer function effectively. He added that the final decision will be made by Treasury Secretary Scott Bessent.
This suggestion comes ahead of a planned meeting in Switzerland, where the possibility of lowering tariffs is expected to be discussed as part of efforts to break down trade tensions. In April, Trump had imposed 145% tariffs on Chinese products, causing a 21% decline in Chinese exports to the US and a 14% decline in American imports from China.
Meanwhile, Chinese exporters are preparing to resume remittances to the US, as they are beginning to reserve transportation spaces, hoping for a possible decrease in tariffs. Experts warn, however, that a quick solution may be impossible, taking into account the long duration of previous trade conflicts. /Periscope/
