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Reading: Trump digs in on excessive China tariffs forward of commerce talks
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StockWaves > Global Markets > Trump digs in on excessive China tariffs forward of commerce talks
Global Markets

Trump digs in on excessive China tariffs forward of commerce talks

StockWaves By StockWaves Last updated: May 8, 2025 1 Min Read
Trump digs in on excessive China tariffs forward of commerce talks
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U.S. President Donald Trump speaks throughout a swearing-in ceremony for the brand new U.S. ambassador to China, former U.S. Senator David Perdue, on the White Home in Washington, D.C., U.S., Could 7, 2025.

Leah Millis | Reuters

President Donald Trump mentioned Wednesday he wouldn’t contemplate decreasing the US’ 145% tariffs on China as a way to spur trade-war negotiations with Beijing.

Trump flatly answered “no” when requested on the White Home if he was open to pulling again on the steep import duties to get China to the negotiating desk.

Trump’s dedication to his tariffs got here three days earlier than U.S. Treasury Secretary Scott Bessent was scheduled to satisfy along with his Chinese language counterpart in Switzerland to debate commerce and financial points.

China mentioned earlier Wednesday that the U.S. requested that assembly and that Beijing remained “firmly” against Trump’s tariff hikes heading into the talks.

Requested what he anticipated to return out of the assembly in Europe, Trump mentioned, “We’ll see … we had been dropping a trillion {dollars} a 12 months, now we’re not dropping something, you understand? It is the best way I take a look at it.”

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