If China won’t make a trade deal, US will set terms: Trump

President Donald Trump addressed reporters on Tuesday with a bold statement regarding the ongoing trade negotiations with China, saying that if the two countries cannot reach a deal, the US will set the terms.

“We’re doing fine with China. We’re doing fine with almost every country. Everybody wants to have involvement with the United States,” Trump remarked, adding that the US holds a significant bargaining chip in trade talks. “Ultimately, we have something they want. You have to view it that way,” Trump added.

Trump also reassured that any future agreement would lead to a significant reduction in tariffs on Chinese imports, though not all the way to zero.

On the matter of tariffs, Trump indicated that the current 145% tariff on some Chinese goods would be reduced, but not eliminated. “Tariff on China will not be as high as 145%. It won’t be zero. It will not be anywhere near 145%,” Trump said.

This comment comes amid concerns that the ongoing trade war could have further repercussions on global markets.

Despite the tough talk, Trump emphasised that the US approach would remain cordial. “We’re going to be very nice with China. They have to make a deal,” he said, suggesting a more diplomatic tone.

President’s comments reflect the tension in US-China relations, as both countries seek to secure favourable terms after years of escalating tariffs and trade barriers. However, the US president remains confident that a deal will be struck, one way or another. “If they don’t make a deal, we will set the deal,” Trump stated.