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President Donald Trump said on Friday morning, “80% tariffs on China seem right!” The final number adds to the true society that will become US Treasury Secretary Scott Bescent.
The 80% tariff on Chinese products in the US is almost half the current 145% tariff.
A few minutes ago he posted:
It was the first time the president has put out a certain number after he proposed that tariffs could be reduced earlier.
As Trump swears with China’s new US ambassador, pivotal trade with Beijing looms: “What timing”
President Donald Trump said on Friday morning, “80% tariffs on China seem right!” The final number adds to the true society that will become US Treasury Secretary Scott Bescent. (Reuters/Nathan Howard)
Trump’s recommended tariffs suggest that it will come ahead of the weekend meeting between Bescent and chief trade negotiator Jamieson Greer and the emperor of China’s economy
“That’s the number the president has thrown there, and see what happens this weekend,” White House spokesman Karoline Leavitt said during a press conference on Friday, adding that Trump should not unilaterally lower tariffs and that China should make “concessions.”
Trump is committed to 10% baseline tariffs, according to the White House, despite the announcement of the UK’s trade deal
Trump’s proposal suggests that it precedes a weekend talk between Swiss Treasury Secretary Scott Bescent, and a speech between Swiss Treasury Secretary and the Swiss Economic Emperor and the Swiss Economic Emperor. (AP Photo/Evan Vucci)
Earlier this week, Trump said China is eager to do business with the US.
“Scott will go to Switzerland and meet with China,” Trump told reporters at the White House on Thursday. “And they want to do so many deals. We all can play games. Who made the first call and who made them? That doesn’t matter. It’s just the thing that happens in that room. But China wants to do so many deals.
Earlier this week, Trump said Beijing is eager to reach the negotiation table on tariffs. (Adek Berry)
The Trump administration announced extensive tariffs across multiple countries on April 2 following criticism that other countries’ trade practices were unfair to the United States.
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The administration later coordinated its first proposal, and announced on April 9 that it would impose a 145% tariff on Chinese products, while also reducing the 90-day mutual tariff to a 10% baseline. China responded by increasing tariffs on US goods to 125%.
Diana Stancy of Fox News contributed to this report.
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