US-China Trade war: The reason I don’t want them to rise is
On Thursday, US President Donald Trump stated that he was hesitant to keep raising tariffs on China because he believed it might impede trade between the two nations.
After a while, you reach a point where people stop buying, therefore I don’t want them to rise any further. According to Bloomberg, Donald Trump stated, “I may not want to go higher or even go up to that level.” “You know, you want people to buy, so I might want to go to less.”
Trump made the comments during his meeting with Italian Prime Minister Giorgia Meloni on Thursday while addressing media in the Oval Office.
Trump also asserted throughout the exchange that Beijing was contacting him frequently in an attempt to negotiate a settlement.
I believe that President Xi and I will continue to have a very positive relationship. As reported by Bloomberg, Trump stated, “And I would say they have reached out many times.”
“Well, the same,” Trump said in response to a question about whether Chinese officials or Xi himself had gotten in touch with him. I think it’s very much the same. It would be China’s highest echelons.
US-China trade war
The U.S.-China trade dispute has escalated dramatically after Donald Trump’s administration proposed a broad new tariff of up to 245% on Chinese products.
The White House claims that the levies consist of a reciprocal duty of 125%, a 20% tariff to combat the fentanyl epidemic, and Section 301 tariffs ranging from 7.5% to 100% on particular items.
China has also launched a case with the World Trade Organization and reacted by imposing 125% levies on the US.
According to Beijing, US tariffs would “seriously damage the rules-based multilateral trading system” and are “against the whole world.”
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