On April 25, Trump told a TIME reporter:
🗣️ 'I will finish all the deals in the next 3 to 4 weeks. If any country needs adjustments, I will consider it. But basically, it's done.'
🇯🇵 Trump said he is 'very good with Japan' and the two sides 'are close to finishing a deal.'
- But when asked about China, Trump said, 'I am meeting with China, everything is fine.'
- But also said he would not call Mr. Xi if Mr. Xi does not call first.
- Then turned around and said, 'Mr. Xi has called.' But... didn't say when he called.
💥 The US increased tariffs on 60 countries at the beginning of April,
then postponed for 3 months to negotiate.
Maintain a 10% tariff while waiting for countries to come to Washington to sign the deal.
🌏 Countries are rushing to the US.
As for China... there hasn't been any movement.
The spokesperson of the Chinese Ministry of Foreign Affairs said:
👉 'No negotiations are currently taking place'
👉 'The US should not deceive the public'
🧨 China also demands from the US:
- Stop making snide remarks about other countries
- Clearly appoint a person in charge of negotiations
- Respect issues like Taiwan and sanctions
🇨🇳 On the same day, the Governor of the People's Bank of China and the Finance Minister were in Washington, but no one announced meetings with US officials.
🧠 Wu Xinbo, advisor to the Chinese Ministry of Foreign Affairs, said:
🗯️ 'Trump thinks China is weak, so imposing tariffs means China has to surrender. But China is not collapsing, nor surrendering.'
📉 Wu warned that the US is misjudging and not preparing well for this confrontation.
'The trade war will last many months, even a few years.'
📊 The US has imposed a 145% tariff on most Chinese goods since Trump took office.
- China retaliates. Tensions are threatening global trade.
🧯 Although China says it is ready to negotiate, they are still waiting for the US to make concessions and lift unilateral tariffs.
Meanwhile, Beijing is not in a hurry, because 'time is on China's side.'
🦉 In summary:
📌 Trump seems eager to conclude quickly to calm the market
📌 China is just... calm, waiting for the US to back down.