Trump is optimistic about cutting the huge tariffs of Beijing

President Donald Trump said on Tuesday that this is huge The tax rate of 145 % Americans should currently be reduced against Chinese imports.

While Trump said the rate “will not be zero”, he expressed optimism about a possible business deal with Chinese President Xi Jinping.

“One hundred and forty percent is very high, and that will not be high,” Trump told reporters at the Oval Office. “It will drop significantly, but it will not be zero.”

White House Fox’s spokesman for the Fox business said in a statement that the United States is not looking to reduce the unilateral tariffs and that China is still negotiating.

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“President Trump was clear: China needed an agreement with the United States of America,” said Desai. “When decisions related to definitions are made, they will come directly from the president. Anything else is just pure speculation.”

While Trump did not explain in detail the low definition rates, a commercial agreement with China may “work very well.”

“They will do a very good job, and I think they will be happy, and I think we will live together with great happiness and idealism together,” Trump said.

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The president made the statements yet Treasury Secretary Scott Bessin He told the investor summit on Tuesday that the confrontation between Washington and Beijing was not sustainable, a source who attended the summit for Fox Business.

In recent weeks, financial markets have fallen from fears of a global trade war after Trump revealed aggressive tariff plans for some of the largest economic forces in the world.

While the rate of tariffs on China started for the first time by 34 %, the rate increased significantly to 145 % as a reaction to the imposition of reprisal measures in Beijing. However, Trump said the definitions will not remain “anywhere near this number.”

White House journalist Caroline Levitte said on Tuesday that Washington was “working well on a possible commercial deal. With China“And that many countries have made proposals to the Trump administration.

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“There is a lot of progress,” Levitte told reporters. “We now have 18 suggestions on paper that was brought to the commercial team. Once, these are proposals about the paper that the two countries proposed to Trump administration And for governments. “