Trump Hints at Ending US-China Tariff War
Trump Hints at Ending US-China Tariff War

Trump Hints at Ending US-China Tariff War

News summary

President Donald Trump has signaled a potential end to the escalating tit-for-tat tariff war between the United States and China, expressing concerns that higher tariffs could ultimately deter consumer buying. Trump stated he may not want to raise tariffs further or might even reduce them, noting that excessive tariffs make goods unaffordable and reduce demand. The administration had recently raised tariffs on Chinese imports as high as 245%, prompting sharp retaliation from Beijing, but Trump indicated a lessening appetite for further increases after observing negative market reactions. Both the U.S. and China have suggested a willingness to negotiate, with Trump highlighting ongoing communications with Chinese officials and optimism for a deal. The fate of TikTok's U.S. operations also remains unresolved, as Trump said any decision on ByteDance's divestment will be delayed until trade tensions ease. China, meanwhile, has criticized the tariffs and filed a complaint with the World Trade Organization, warning of broader harm to the multilateral trading system.

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