Trump: 145% on China 'Could' Go Down If Talks Are Promising
After President Donald Trump spoke May 8 about a trade deal with the U.K., he took questions from reporters, and one asked whether the U.S. will lower tariffs on China if talks involving Treasury Secretary Scott Bessent, U.S. Trade Representative Jamieson Greer and China's vice premier go well over the weekend.
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"It could," Trump said. "You can’t get any higher, it’s at 145, so we know it’s coming down."
Trump predicted the weekend would go well. He also said that while there will be more deals following the one with the U.K. -- including with the EU -- there also will be situations where he just sets a tariff rate for countries if his team doesn't have time to negotiate with them, or if they're not satisfied with the countries' offers. He'll set that rate, instead of "a 25% tariff or a 30% or a 50% or 10% or whatever it may be."