Taejun Kang
U.S. President Donald Trump said Tuesday that recently imposed tariffs on Chinese goods will “come down substantially,” but won’t be zero, in the latest zigzag for Washington’s stance on global trade.
The U.S. and China are waging a tit-for-tat trade battle, which threatens to stunt the global economy. The U.S. imposed tariffs of 145% on Chinese imports, prompting China to retaliate with tariffs reaching 125% on American goods. The U.S. also has imposed new tariffs on most other countries.
Trump told a White House news conference that “145% is very high” and could be lowered through China-U.S. negotiations.
“It’ll come down substantially. But it won’t be zero ‒ used to be zero. We were just destroyed. China was taking us for a ride.”
“But ultimately,” Trump said, “they have to make a deal because otherwise they’re not going to be able to deal in the United States. So we want them involved, but they have to ‒ and other countries have to ‒ make a deal, and if they don’t make a deal, we’ll set the deal.”
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