“80% Tariff on China seems right!” Trump wrote on his Truth Social platform, which would bring them down from 145 percent, with cumulative duties on some goods reaching a staggering 245 percent.
In his post Trump did not say if he thought 80 percent should be the final, definitive level for tariffs on Chinese goods if and when the trade war ends, or an interim status.
In another post, this time all in capital letters, Trump said “China should open up its market to USA -- would be so good for them!!! Closed markets don’t work anymore!!!”
Experts said that the forecast-smashing 8.1-percent rise indicated that Beijing was re-routing trade to Southeast Asia to mitigate US tariffs while exports to the United States fell 17.6 percent.
“The manufacturing juggernaut is diverting flow wherever the tariff pain isn’t,“ he said.
Bessent has said the meetings in Switzerland would focus on “de-escalation” -- and not a “big trade deal”.
Markets up
Trump said the British deal would be the first of many, and that he hoped difficult talks with the EU -- as well as China -- could soon produce results too.
Major stock markets mostly rose Friday on growing optimism that tariff tensions will ease.
The Frankfurt DAX index hit a record high before Trump’s social media post, recouping losses spurred by the US president’s April tariffs announcements.
In return, Britain will open up markets to US beef and other farm products, but a 10 percent baseline levy on British goods remained intact.
Read More Details
Finally We wish PressBee provided you with enough information of ( Trump suggests lower China tariff, says 80% ‘seems right!’ )
Also on site :