The President of the United States, Donald Trump, is considering reducing the tariffs imposed on China at some point, as he believes the current rates are so high that they have significantly affected trade between the two largest economies in the world. Trump has imposed tariffs of up to 145 percent on Chinese imports, and in turn, China has responded with tariffs of 125 percent on U.S. imports.
In this regard, Trump expressed that he is willing to reduce tariffs in the future to facilitate trade negotiations, while praising some recent statements from China as "positive." However, he emphasized the importance of any agreement between the two nations being fair.
The tariff measures have had a significant impact on international markets, causing a decrease in new export orders and raising concerns about rising prices for manufactured products, as well as affordable goods like clothing and toys consumed by many Americans.
China, for its part, has expressed its willingness to engage in trade talks with the United States following the announcement of tariffs by Trump the previous month. This positive signal represents a first step towards potential negotiations between both parties, according to a statement from the Chinese ministry.
Trump highlighted the economic difficulties facing China, with a significant contraction in manufacturing activity, as indicated by the official purchasing managers' index for the manufacturing sector. These statements have impacted financial markets, resulting in a rise in U.S. stocks following signs of a possible rapprochement between the United States and China.
