Taejun Kang
U.S. President Donald Trump said that Washington and Beijing were in talks on tariffs, expressing confidence that the world’s two largest economies would reach a deal over the next three to four weeks.
The U.S. and China are waging a tit-for-tat trade battle, which threatens to stunt the global economy, after Trump announced new tariffs on most countries. Specifically, the U.S. has imposed tariffs up to 145% on Chinese imports, prompting China to retaliate with tariffs reaching 125% on American goods.
“We are confident that we will work out something with China,” he said during a late Thursday afternoon executive order signing in the Oval Office.
“Top officials” in Beijing had reached out to Washington “a number of times” said Trump, adding that the two sides have had “very good trade talks” but that more remained, though he offered no evidence of any progress.
Asked about timing on any agreement, Trump said: “I would think over the next three to four weeks.”
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