The US may reduce tariffs after successful negotiations with China: details
Kyiv • UNN
Donald Trump announced expectations for trade negotiations between the US and China, predicting a reduction in tariffs on Beijing. The negotiations will take place in Switzerland with the participation of high-ranking officials from both countries.
United States President Donald Trump said on Thursday, May 8, that he expects trade negotiations between the United States and China this weekend, and predicted that the United States' tariffs on Beijing of 145% are likely to be reduced. This is reported by the Reuters agency, UNN reports.
Details
According to Donald Trump, the US may ease tensions by lowering duties, answering a question whether he would consider such an option if the negotiations are successful.
You can't go higher than that. It's at 145, so we know it's going down... I think it's a very friendly meeting. They are looking forward to doing it in an elegant way
It is noted that negotiations involving US Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer and Chinese government representative for trade and economic cooperation He Lifen will take place this weekend in neutral Switzerland.
I think we're going to have a good weekend with China. I think they can win a lot. I think they can get a lot more than we can, in a way.
He emphasized that China has a "huge trade surplus" with the United States and wants this to change. The US President believes that China is "very eager to make a deal".
"I would like to see China open.. China wants to do something, and it looks like they have to do it at the moment," - added Donald Trump.
Answering the question of whether he will talk to Chinese President Xi Jinping after the talks, Trump answered that possibly.
Let us remind you
The States applied to China with a request for negotiations regarding the 145% duties of President Donald Trump, supported by Chinese social networks. This potentially signals Beijing's openness to negotiations.
