Trump suggests lowering Chinese tariffs to 80% before trade negotiations – Country
Donald Trump raised tariffs in China to 80% ahead of the weekend meeting on Friday as he hopes to promote the trade war.
Top U.S. officials will meet in Switzerland this weekend in a senior Chinese delegation this weekend since Trump sparked a trade war.
“China's tariffs on China seem to be right,” Trump wrote on his social media account Friday morning.
The Trump administration announced Tuesday that in Geneva and U.S. Trade Representative Jamieson Greer will have the longest known dialogue between the two countries in a few months. Concerns in the U.S. market continue to rise due to the impact of tariffs on the prices and supply of consumer goods.
Trump's trade war has suffered more severely than China's largest exporter and second-largest economy. When Trump announced the “Liberation Day” tariffs on “Liberation Day” on April 2, China retaliated against its own tariffs, which Trump believes showed a lack of respect. Since then, tariffs on each other’s goods have been increasing, with the U.S. now 145% tariffs on China and 125% tariffs on the U.S.
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