President Donald Trump on Friday morning said that an ‘80% Tariff on China seems right!’ adding on Truth Social that the final number would be up to U.S. Treasury Secretary Scott Bessent. <\/p>\n
An 80% tariff on Chinese goods coming into the U.S. would be nearly half of the current 145% tariff on the Asian country.<\/p>\n
Minutes earlier, he posted: ‘CHINA SHOULD OPEN UP ITS MARKET TO USA \u2014 WOULD BE SO GOOD FOR THEM!!! CLOSED MARKETS DON\u2019T WORK ANYMORE!!!’<\/p>\n
It was the first time the president has put out a specific number, after previously suggesting the tariff could be lowered. <\/p>\n<\/p>\n
Trump\u2019s suggested lower tariffs come ahead of weekend talks between Bessent and chief trade negotiator Jamieson Greer and Chinese economic tsar He Lifeng in Switzerland. <\/p>\n
White House press secretary Karoline Leavitt said in a press briefing Friday, ‘That was a number the president threw out there, and we’ll see what happens this weekend,’ adding that Trump wouldn\u2019t unilaterally lower the tariff and China would be required to make ‘concessions.’ <\/p>\n<\/p>\n
Earlier this week, Trump said that China is eager to make a deal with the U.S. <\/p>\n
‘Scott’s going to be going to Switzerland, meeting with China,’ Trump told reporters Thursday at the White House. ‘And you know, they very much want to make a deal. We can all play games. Who made the first call, who didn’t make them? It doesn’t matter. Only matters what happens in that room. But I will tell you that China very much wants to make a deal. We’ll see how that works out.’<\/p>\n
The Trump administration announced widespread tariffs for multiple countries on April 2, following criticism that other countries’ trade practices are unfair towards the U.S.<\/p>\n
The administration later adjusted its initial proposal and announced on April 9 it would immediately impose a 145% tariff on Chinese goods, while reducing reciprocal tariffs on other countries for 90 days to a baseline of 10%. China responded by raising tariffs on U.S. goods to 125%.<\/p>\n
Fox News’ Diana Stancy contributed to this report. <\/i><\/p>\n<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" President Donald Trump on Friday morning said that an ‘80% Tariff on China seems right!’ adding on Truth Social that the final number would be up to U.S. Treasury Secretary Scott Bessent. An 80% tariff on Chinese goods coming into the U.S. would be nearly half of the current 145% tariff on the Asian country.…<\/p>\n","protected":false},"author":1,"featured_media":695,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world-news"],"_links":{"self":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/posts\/694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/comments?post=694"}],"version-history":[{"count":0,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/posts\/694\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/media\/695"}],"wp:attachment":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/media?parent=694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/categories?post=694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/tags?post=694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}