09-May-2025
Corporate News
 
No plans to lower China's 145% tariffs to boost trade talks, says Trump
08-May-2025

US President Donald Trump on Wednesday (local time) said he would not consider lowering China's 145 per cent tariffs to initiate trade war negotiations with Beijing, CNBC reported. When asked whether the White House was open to pulling back on the import duties to bring China to the negotiating table, Trump replied in the negative. His remarks come just days ahead of US Treasury Secretary Scott Bessent’s scheduled meeting with his Chinese counterpart in Switzerland. The two are expected to discuss trade and economic issues.

News Source:- https://www.business-standard.com/world-news/trump-says-no-to-cutting-china-tariffs-ahead-of-trade-talks-125050800130_1.html