President Trump expressed optimism about U.S.-China trade talks this weekend in Switzerland, suggesting that current tariffs of 145% on Chinese goods could be reduced. High-ranking officials from both nations will participate, marking a potential breakthrough after months of stalled negotiations. Trump believes China has much to gain from a deal.
In a surprising turn of events, United States President Donald Trump expressed optimism regarding forthcoming trade discussions with China. Speaking from the White House on Thursday, Trump suggested that the current 145% tariffs imposed on Chinese goods are likely to be lowered. This positive outlook emerged as both nations prepare for high-stakes negotiations set to occur this weekend in Switzerland.
Trump’s comments came during a presentation of a new trade agreement between the U.S. and Britain. After more than two months of stagnation in trade talks, the upcoming discussions seem to signal potential progress. High-ranking officials from both the U.S. and China are set to participate, raising hopes for a breakthrough in the trade war that has been wreaking havoc on the global economy.
The official roster for these crucial talks includes U.S. Treasury Secretary Scott Bessent, chief trade negotiator Jamieson Greer, and China’s top economic official, He Lifeng. Their meeting is viewed as a pivotal first step in addressing ongoing trade tensions, which have left many hoping for a resolution.
When pressed on whether he would consider lowering the tariffs contingent on positive outcomes from the talks, Trump stated, “It could be.” He further noted that the existing tariff rate could not go higher, implying that a reduction was all but inevitable. Trump characterized the impending discussions as a friendly negotiation and indicated mutual interest in finding a solution “in an elegant way.”
The president conveyed a sense of confidence that China is keen on reaching a deal, emphasizing his view that the country stands to gain significantly from an agreement. “I think we’re going to have a good weekend with China. I think they have a lot to gain,” he said, suggesting that the economic advantages would lean more heavily in China’s favor.
Also noteworthy, Trump hinted at the possibility of a conversation with Chinese President Xi Jinping following the negotiations, stating, “I might, yeah, sure.” Despite his ongoing admiration for Xi, Trump has not shied away from acknowledging differences, especially regarding trade practices, and has placed blame on China for the COVID-19 pandemic.
Trade remains a crucial focus for Trump’s administration. He has expressed concerns about the “tremendous trade surplus” that China holds against the U.S. and stated a desire for China to become more economically open. Optimism shrouded Trump as he shared his sentiments ahead of the weekend discussions, declaring, “I think it’s going to be substantive. China wants to do something, and look, they have to at this point.”
With tensions still high, many observers will be watching closely as these critical talks unfold this weekend, hopeful for a glimmer of resolution to the ongoing trade strife between the two largest economies in the world.
In conclusion, President Trump announced his expectations of significant developments during upcoming U.S.-China trade talks scheduled in Switzerland. With tariffs sitting at a staggering 145%, the possibility of reductions has sparked hope for a resolution in the trade war. Both parties appear motivated to make strides forward, especially as America takes steps to finalize various international trade agreements. Observers are keen to see if these discussions will indeed yield positive outcomes, potentially signaling a shift in U.S.-China relations.
Original Source: www.indiatoday.in
