Trump Signals Imminent Trade Deal with China Amid Increased Tariffs
President Donald Trump announced that China has been actively reaching out following the recent tripling of U.S. tariffs on Chinese imports, hinting at a possible trade agreement within weeks.
President Donald Trump, during a press interaction following the signing of executive orders on seafood industry deregulation, disclosed that high-level Chinese officials have been making frequent contact since the U.S. escalated tariffs from 54% to 145%. Trump’s comments suggest a potential resolution to the ongoing trade tensions between the U.S. and China might be on the horizon, possibly within three to four weeks.
Trump emphasized his good relationship with Chinese President Xi Jinping, although he neither confirmed nor denied direct communications with Xi. He expressed confidence in the negotiations, stating that even if a deal isn’t reached, the U.S. would set clear trade parameters and continue to leverage its position with American consumer power.
This development follows reports that U.S. officials have been waiting for China to initiate a call between Xi and Trump, indicating a strategic pause from the U.S. side in direct outreach. Trump’s latest remarks reflect a proactive stance from China and a hopeful outlook for a swift resolution to the trade war that has been straining international relations and global markets.