Comments, assessments and developments on US tariffs:
According to the press spokeswoman of the White House, Karoline Leavitt, there will be “no one -sided reduction in tariffs against China”. Leavitt took up earlier comments from Finance Minister Scott Bessent. In an interview with Fox News, Leavitt said: “The President made it clear that China has to make an agreement with the United States of America, and we are optimistic that this will happen.” She added that “we definitely have to see a reduction in tariffs and non-monetary customs barriers in China”.
Trump: Speaking “Active” with China about trade
US President Donald Trump expects a “fair” trade deal between the USA and China. His team actively negotiates with China “and we will have a fair deal,” said Trump. “Everyone wants to be part of what we do,” said Trump. “You know that you will no longer get away with it, but everything will be fine.”
US finance minister sees the chance for “big deal” with China
There is the possibility for a “big deal” between the USA and China, said US Finance Minister Scott Bessent at a conference of the International Banking Association IIF. The US would have to balance more towards production and exports and away from consumption, while China had to take the opposite direction, Besseter. “Let’s do it together,” he said. “This is an incredible opportunity.”
Trump is considering reducing the China import tums – circles
According to insiders, the Trump administration is considering reducing their high tariffs to Chinese imports. In some cases, the tariffs could be reduced by more than half, said people familiar with the matter. This would defuse the current tensions with Beijing that had brought world trade in severe turbulence and that investments had been questioned.
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(End) Dow Jones Newswires
April 23, 2025 15:14 et (19:14 GMT)