Trump signals tariff rollback on China- What changed
[ad_1] Representational AI image US president Donald Trump suggested on Wednesday that the 145% tariffs he imposed on Chinese imports will not last. Speaking from the Oval Office on Tuesday, Trump told reporters the tariff rate would eventually "come down substantially." He acknowledged that the current rate was unsustainable but emphasised that it would not return to the “zero” levels it once was. “145% is very high, and it won't be that high,” Trump remarked. However, he reiterated his position that a trade deal with China was crucial, saying, "Ultimately, they have to make a deal because otherwise they're not going to be able to deal in the United States."Chinese imports are currently subject to a 145% tariff by US. In retaliation, China imposed 125% tariffs on US exports. Reasons for Trump’s changed stanceMarket turmoil: One of the primary catalysts […]