President Donald Trump said on Tuesday that the 145% tariff on China won’t stay that high, signaling a potential easing of tensions after Treasury Secretary Scott Bessent warned against a prolonged trade war with the communist country.
During a press conference at the White House, Trump acknowledged that the 145% tax on Chinese imports “is very high,” adding, “It won’t be anywhere near that high.” The president did not say when the tariff rate could drop or if he is waiting for China to agree to any deal in return for a lower tariff.
“It will come down substantially, but it won’t be zero,” Trump added.
Trump’s comments come after Bessent told investors in a closed-door summit on Tuesday that a trade war against China is unsustainable, Bloomberg reported. Bessent reportedly added that he is hopeful the tension between the United States and China will ease in the…
