Trump adviser hints China tariffs could drop ‘within weeks’ as Bitcoin rallies
The U.S. could reduce its current 145% tariff rate on China “within a few weeks,” White House Council of Economic Advisers Chair Stephen Miran said in an interview.
Speaking to Bloomberg TV on Friday, Miran said that while he is not directly involved in negotiations, he believes President Donald Trump is committed to reaching a deal and has a strong track record in doing so. Miran referred to the 2019 “phase one” deal as evidence of the president’s ability to strike agreements despite widespread skepticism.
“The president has been very clear that he thinks that there will be a deal with China,” Miran said. “And I think the president is right.”
While he declined to speculate on specific figures or a potential call between the Washington and Beijing, Miran suggested that a deescalation in tariff rates is in the interest of both economies and could happen soon.
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