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The President of the United States, Donald Trump, surprised everyone this Tuesday by publicly acknowledging that the 145% tariff imposed on Chinese products is "too high," and announced that he will substantially reduce that percentage, although he warned that it will not be eliminated completely.
"It's not going to be anywhere near that number," he stated from the Oval Office of the White House. "It went up to that point, but it will come down quite a bit. It won't be zero," the president emphasized, marking a shift in his trade policy toward the Asian giant.
Trump originally justified the imposition of high tariffs as a strategy to pressure China on sensitive issues like the fight against fentanyl. However, he now nuances his stance: "We are going to treat China very well. I have a great relationship with President Xi."
Still, he did not refrain from launching criticisms: "China was taking us for a ride. They were using the money they made from us to strengthen their military. That's not going to happen anymore," he asserted in his characteristic defiant tone.
Although he did not specify when or by how much the reduction will take place, he did express optimism regarding future relations between the two powers. "I think we are going to live very happily together and ideally work together," he concluded.