Trump plans to reduce tariffs in China at some point

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Trump kündigt an, dass er die Zölle auf chinesische Importe "irgendwann" senken will, während sich die Handelsgespräche zwischen den USA und China milden. Die wirtschaftlichen Auswirkungen auf China sind spürbar.
Trump announces that he wants to lower the tariffs to Chinese imports "at some point" while the trade talks between the USA and China are mild. The economic effects on China are noticeable. (Symbolbild/DNAT)

President Donald Trump has announced that the tariffs will be reduced to Chinese imports to the United States at some point. This happens after both Beijing and Washington apparently alleviated their positions in terms of possible trade talks.

tariffs and trade talks

"At some point I will lower them, otherwise you could never do business with them," said Trump in an interview with NBC's "Meet the Press with Kristen Welker", which was recorded on Friday. "You want to do business very much ... your economy collapses."

rising US tariffs on Chinese products

Weeks of the mutual escalation between the two largest economies in the world have led the US tariffs to Chinese products rose to terrifying 145 %, while Chinese taxes on American goods are 125 %. In the past two weeks, however, both sides seemed to moderate their rhetoric.

episodes for China's economy

In the interview that was broadcast on Sunday, Trump recognized the negative effects of tariffs on China and referred to factory closures and an "unprecedented" unemployment. Nevertheless, he emphasized that he would not take the first step.

call for a fair trade agreement

"You don't lower the tariffs to China to get them to the negotiating table?" Asked Welker.

"Why should I do that?" Replied Trump. On Friday, a spokesman for the Chinese Ministry of Commerce said that the country had to "cancel" his "one -sided customs increases" to accept trade talks "currently tested".

economic effects in China

The US tariffs have already started to have a negative impact on China's export-dependent economy. In April, the factory activity there has been showing the steepest contraction there for 16 months, while new export orders have dropped to the lowest level since 2022, as official data show.

Trump and Xi Jinping

On Sunday, Trump explained journalists on board Air Force One that this week he did not want to speak to the Chinese leader Xi Jinping. "But China and our people talk about different things," he added.

negotiations with other countries

Trump emphasized that he is aiming for a “fair” trade agreement with China, while again pointing out that the country has been using the USA for years. In addition to China, Trump explained that his government had “almost” discussions with “almost” and some trade agreements “very good” could be announced this week.

Negotiations on TikTok

During the NBC interview, Trump also said that he was ready to extend the deadline for the Chinese company bytedance to sell Tikok's US business, an extremely popular short video platform with 170 million American users. The congress had passed a law last year under the then President Joe Biden, which obliges the company based in Beijing to sell Tikok in the United States, or to expect a ban on national security concerns.

Investors

Trump has already extended the deadline twice because so far no deal has come about. "I would like to see that it would be completed," he said, adding that he had a "special preference" for the platform because she helped him win young voters during the 2024 presidential election. "Tikok is very interesting, but it is protected," he added.

Report by Alayna Treene von Cnn.