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.”
Iran and the United States are set to hold high-stakes negotiations in Oman on Friday (6 February) over Tehran’s nuclear programme. However, dispute...
France’s “absolute priority” remains the fight against the Islamic State (IS) group, Foreign Minister Jean-Noël Barrot said on Thursday (5 Febr...
Security services say they have now rescued all 166 worshippers who were kidnapped by gunmen during attacks on two churches in northern Nigeria last m...
The U.S. military said Washington and Moscow have agreed to reestablish high-level military-to-military dialogue following talks in Abu Dhabi. The mov...
U.S. President Donald Trump gave his “complete and total endorsement” of Japanese Prime Minister Sanae Takaichi on Thursday (5 February) ahead of ...
France’s “absolute priority” remains the fight against the Islamic State (IS) group, Foreign Minister Jean-Noël Barrot said on Thursday (5 February) during talks with his Syrian counterpart in Damascus, as Paris reassesses its counter-terrorism strategy.
U.S. President Donald Trump gave his “complete and total endorsement” of Japanese Prime Minister Sanae Takaichi on Thursday (5 February) ahead of Japan’s national election on Sunday, backing the country’s first female premier as she seeks a fresh mandate for controversial spending plans.
The U.S. and China are locked in a growing struggle over critical minerals, the materials that power everything from electric vehicles and microchips to missiles and advanced radar systems, as both sides move to secure control over supply chains that underpin economic and military power.
Greek authorities have arrested a member of the armed forces on suspicion of leaking highly sensitive military information to foreign handlers allegedly linked to China.
Iran’s Islamic Revolutionary Guard Corps (IRGC) unveiled a new underground ballistic missile base on Wednesday (4 February), just over a day before the start of mediated nuclear negotiations with the United States, slated for Friday in Oman.
Rivers and reservoirs across Spain and Portugal were on the verge of overflowing on Wednesday as a new weather front pounded the Iberian peninsula, compounding damage from last week's Storm Kristin.
Morocco has evacuated more than 100,000 people from four provinces after heavy rainfall triggered flash floods across several northern regions, the Interior Ministry said on Wednesday.
The World Health Organization has added the Nipah virus to its list of the world’s top 10 priority diseases, alongside COVID-19 and the Zika virus, warning that its epidemic potential highlights the global risk posed by fast-spreading outbreaks.
Uzbekistan is accelerating plans to expand uranium production and deepen international nuclear cooperation, positioning the sector as a pillar of long-term industrial growth and resource security.
Iran and the United States are set to hold high-stakes negotiations in Oman on Friday (6 February) over Tehran’s nuclear programme. However, disputes over the agenda, particularly Iran’s missile programme, suggest progress will be difficult.
Security services say they have now rescued all 166 worshippers who were kidnapped by gunmen during attacks on two churches in northern Nigeria last month, a Christian group said on Thursday (5 February).
The U.S. military said Washington and Moscow have agreed to reestablish high-level military-to-military dialogue following talks in Abu Dhabi. The move could signal a step toward normalising some ties between the United States and Russia.
U.S. President Donald Trump gave his “complete and total endorsement” of Japanese Prime Minister Sanae Takaichi on Thursday (5 February) ahead of Japan’s national election on Sunday, backing the country’s first female premier as she seeks a fresh mandate for controversial spending plans.
The U.S. and China are locked in a growing struggle over critical minerals, the materials that power everything from electric vehicles and microchips to missiles and advanced radar systems, as both sides move to secure control over supply chains that underpin economic and military power.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment