Trump says he won't lower tariffs to aid talks with China
President Donald Trump said Wednesday that he won맥스카지노�t lower his triple-digit tariffs on China to aid negotiations with Beijing.
President Donald Trump said Wednesday that he won맥스카지노�t lower his triple-digit tariffs on China to aid negotiations with Beijing.
President Donald Trump said Wednesday that he won맥스카지노�t lower his triple-digit tariffs on China to aid negotiations with Beijing.
President Donald Trump said Wednesday that he won맥스카지노�t lower his triple-digit tariffs on China to aid negotiations with Beijing.
It comes days before top U.S. and Chinese officials are expected to meet in Switzerland, marking the first major talks between the two countries since the trade war escalated last month.
Trump was asked about his expectations during an Oval Office swearing-in ceremony for the U.S. Ambassador to China, former U.S. Sen. David Perdue. Trump said that the timing of the ceremony was 맥스카지노�unbelievable,맥스카지노� noting that Perdue would be managing one of America맥스카지노�s most complex and consequential foreign relationships.
China has said that they won맥스카지노�t engage in substantive negotiations unless Trump lowers his 145% tariff on Chinese imports. For now, Beijing's retaliatory 125% tariffs on U.S. goods remain in place.
맥스카지노�There isn맥스카지노�t any change in China맥스카지노�s position. This tariff war is started by the U.S. If a negotiated solution is truly what the U.S. wants, it should stop threatening and exerting pressure, and seek dialogue with China on the basis of equality, respect and mutual benefit,맥스카지노� Chinese Foreign Ministry spokesman Lin Jian reiterated during a press conference this week.
Asked on Wednesday if he is considering pulling back tariffs in response to China맥스카지노�s position, Trump flatly responded, 맥스카지노�No.맥스카지노�
Trump was less explicit when asked about his expectations for talks this weekend.
맥스카지노�We will see,맥스카지노� Trump said. 맥스카지노�We were losing a trillion dollars a year, now we're not losing anything, you know, that's the way I look at it.맥스카지노�
U.S. Treasury Secretary Scott Bessent, one of the officials expected to represent the Trump administration in talks with China, has said the current situation is unsustainable. He told lawmakers that Saturday맥스카지노�s meeting will represent initial talks, rather than advanced negotiations.
Bessent, appearing before the House Financial Services Committee on Wednesday, also said the administration is exploring the potential tariff exemptions for baby products.
Trump said it맥스카지노�s something he is thinking about but added that he wants to keep his tariff policies 맥스카지노�nice and simple맥스카지노� and avoid granting too many exemptions.