#TariffPause

President Donald Trump suggested another delay to his higher so-called “reciprocal” tariffs was unlikely, raising pressure on nations to negotiate trade deals with his administration.

Asked about the possibility of granting another 90-day pause, Trump cast that scenario as “unlikely,” while speaking to reporters aboard Air Force One on Friday. Trump also said that he would not drop tariffs on China, the world’s second largest economy, unless Beijing offers “something substantial” in return.

Trump said he believed financial markets were adjusting to his tariff policy, downplaying the volatility that has hit equity and bond markets this month after he announced plans to hit about 60 US trading partners with higher duties.

“When you look at what’s happening, I think so, yeah. I said there’d be a transition,” Trump said about the market reaction. “People haven’t understood it, now they are starting to understand it.”

Pressed on what concessions he’d like to see from Beijing, Trump said that he would like China to open its economy — but that he believed it was a non-starter so was not sure he would pursue it as part of the tariff talks.

rump’s Tariffs:

Unpacking the Chaos

US Markets at Risk

What’s at Stake

Your Money

Politics

Trump Doubtful on Another Tariff Pause, Wants China Concessions

Donald Trump

Donald TrumpPhotographer: Al Drago/Bloomberg

By Hadriana Lowenkron and Skylar Woodhouse

25 April 2025 at 16:00 GMT+5

Updated on 25 April 2025 at 23:13 GMT+5

Hide

President Donald Trump suggested that another delay to his higher "reciprocal" tariffs was unlikely, raising pressure on nations to negotiate trade deals with his administration.

Summary by Bloomberg AI

Trump said he would not drop tariffs on China unless Beijing offers "something substantial" in return, and that he believed financial markets were adjusting to his tariff policy.

Trump expected to wrap up trade deals with US partners "over the next three to four weeks" and said he was "getting along very.