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President Trump predicts a reduction in China tariffs and hints at a potential meeting with President Xi Jinping following upcoming trade talks.
U.S. President Donald Trump said Thursday he expects that punitive tariffs on China — currently set at 145% — will likely decrease following ongoing trade talks between the two countries. Trump’s remarks came as he unveiled details of a new trade agreement with the United Kingdom, signaling a potential thaw in the trade tensions between the world’s two largest economies.
Trump indicated that substantive negotiations would take place this weekend in Switzerland, where high-level U.S. and Chinese officials are set to meet. The talks will be a first step toward resolving the trade standoff, which has disrupted financial markets and global trade for months.
“I think it’s going to be a very friendly meeting,” Trump said, referencing the talks. “They look forward to doing it in an elegant way.” He added that the 145% tariff on China is unlikely to stay at its current rate, saying, “You can't get any higher. It's at 145, so we know it's coming down.”
The discussions will involve U.S. Treasury Secretary Scott Bessent, chief trade negotiator Jamieson Greer, and China’s economic tsar He Lifeng. The meeting is set to take place in neutral Switzerland, away from the heightened tensions of Washington and Beijing.
Trump also expressed optimism that China wants to strike a deal, stating, “They have a lot to gain… far more to gain than we do, in a sense.” He reiterated his desire for China to open up its economy more fully and addressed the trade surplus China holds with the U.S., which has long been a point of contention.
“I would like to see China open,” Trump remarked, adding, “They have to at this point.”
Asked if he might speak with Chinese President Xi Jinping following the talks, Trump responded, “I might, yeah, sure,” suggesting that there could be further diplomatic engagement after the negotiations.
Trump has previously praised Xi, despite trade disagreements and his accusations regarding China’s role in the COVID-19 pandemic. However, he continues to focus on reducing the trade deficit and addressing long-standing economic concerns.
As the trade talks progress, Trump remained hopeful, stating, “I think it’s going to be substantive. China wants to do something, and look, they have to at this point.”
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Anton Kobyakov, adviser to Russian President Vladimir Putin, claimed at the St. Petersburg International Legal Forum that the USSR’s dissolution was legally invalid and that the Soviet Union still exists under constitutional law, framing the Ukraine war as an “internal process.”
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Two staff members from the Israeli embassy in Washington, D.C.- Yaron Lischinsky and Sarah Lynn Milgrim were shot and killed on Wednesday night by a lone gunman as they left an event at the Capital Jewish Museum, close to the White House.
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Boeing has struck a deal with the U.S. Justice Department to avoid criminal charges over the 737 Max tragedies, agreeing to pay over $1.1 billion in penalties, victim support, and safety reforms.
North Korean leader Kim Jong Un has ordered the arrest of those responsible for the failed launch of the country’s second naval destroyer, calling the incident an “unpardonable criminal act” and demanding accountability amid skepticism over the extent of damage to the warship.
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