US President Donald Trump says that a tariff deal with China is possible very soon and the tariffs imposed on it can be significantly reduced.
US President Donald Trump said during a press conference at the White House that the 145% import tariff imposed on China will be reduced.
However, he did not clarify how much this reduction will be.
The US President said that he is going to deal very well with China, China will have to make a deal, if China does not make a deal, we will make a deal.
Before Trump's statement, US Treasury Secretary Scott Besant had said at a private event that the ongoing tariff dispute with China cannot last long and that there is hope for a reduction in trade tensions between the world's two largest economies.
However, he also clarified that formal negotiations between the US and China have not yet begun.
It should be remembered that the US has imposed tariffs of up to 145% on Chinese products, while China has imposed 125% tariffs on US products in response.
