Trump Rejects Cutting Tariffs on China Ahead of New Talks

Former President Donald Trump firmly rejected the idea of preemptively reducing tariffs on China goods as a strategy to resume trade talks. When asked about softening the 145% tariffs, Trump replied bluntly: “No.”

Talks Set to Resume in Switzerland

Trump’s comments come just days before a key meeting in Switzerland between Treasury Secretary Scott Bessent, Trade Representative Jamieson Greer, and Chinese Vice Premier He Lifeng. The gathering aims to revive trade dialogue after years of tension.

Dispute Over Who Initiated Talks

Trump dismissed claims that the U.S. initiated the talks, stating such interpretations “should check the records.” However, China’s Ministry of Commerce said U.S. officials had expressed interest in reopening tariff discussions.

Ongoing Narrative on Trade Deficit

In his speech, Trump reiterated that the U.S. was losing “one trillion dollars a year” due to trade imbalances with China. He claimed his administration stopped those losses, defending his tariff policy as essential to protect American industry, despite inflationary effects.

Carney to Meet with Trump in an Effort to Restore Trade Relations

Canadian Prime Minister Mark Carney will meet with President Donald Trump in the Oval Office this Tuesday…

Economic Impact and Public Backlash

Although Trump hinted he might ease tariffs in the future, he continues to defend them as a pressure tool. Still, recent polls show widespread public dissatisfaction with his economic approach, particularly among consumers affected by rising prices.

Outlook on Both Sides of the Pacific

The U.S. economy has shown signs of slowing for the first time since 2022, while China’s factory output fell to its lowest level since December 2023. Both nations face internal pressures to reach a deal.

Goal: Lower Tensions, Not a Comprehensive Deal

In an interview with Fox News, Bessent acknowledged that current tariff levels are unsustainable. He clarified that the immediate goal is not a comprehensive agreement but rather a reduction in bilateral tensions: “This isn’t about cutting ties—it’s about achieving fair trade.”