Trump Claims Tariffs on China Will Be Reduced, China-U.S. Trade Talks Begin This Weekend

The global economic circle is closely watching this matter! Trump suddenly made a big move, saying that the U.S. and China will hold a super important trade negotiation this weekend. Meanwhile, Trump also revealed that the high tariffs of 145% imposed by the U.S. on China have reached their peak, and they will definitely be reduced next. He confidently stated, 'Just wait and see, tariffs can’t go any higher, so they must come down. I believe the relationship between the two countries will definitely improve in the future.'

China's Ministry of Foreign Affairs previously announced that at the request of the U.S., the heads of the economic and trade teams from China and the U.S. will meet during their visit to Switzerland from May 9 to 12 to chat with U.S. Treasury Secretary Mnuchin.

In response to this negotiation, China's Ministry of Commerce spokesperson He Yadong stated on the 8th that if the U.S. really wants to solve the problem through negotiation, they need to recognize the negative impact their unilateral tariff increases have caused to themselves and the whole world. They must show some sincerity in negotiations, take practical actions to correct their erroneous practices, and cancel those unilateral tariff increases. He Yadong also emphasized, 'If the U.S. says one thing and does another, trying to continue threats under the guise of negotiation, China will absolutely not agree, and it is impossible to sacrifice principles and ignore international fairness and justice just to reach an agreement.'

Additionally, Singapore's Lianhe Zaobao also mentioned that the White House is discussing so-called 'reciprocal tariffs' with major trading partners, but the information given by Trump and his trade team about the progress of the negotiations is quite chaotic.