Trump says tariffs on China imports won't return to 145%, sees deal
Speaking on Monday, President Donald Trump expressed his expectation that U.S. tariffs on Chinese imports would not revert to the previous high of 145% once the 90-day pause concludes, and added that he anticipates Washington and Beijing will reach an agreement.
- Economy
- Reuters
- Published Date: 06:53 | 12 May 2025
President Donald Trump on Monday said he does not expect U.S. tariffs on Chinese imports will return to 145% after the 90-day pause ends, adding that he thinks Washington and Beijing will have a deal.
Still, Trump added that the U.S. tariffs on goods imported from China could still return to be substantially higher.
OTHER ECONOMY NEWS
- Retail sales in Türkiye up 9.2% year-on-year in March
- US should embrace free trade, especially with partners like Türkiye, says head of Denver chamber of commerce
- South Korea posts lowest Q1 economic growth among major economies: Data
- Up to 25,000 industrial jobs at risk in Germany due to US-China trade war