Donald Trump confident of better deal with China, US can make a big cut in tariff – Cross Talk India
America The trump administration is considering making a big cut in 245 percent tariffs imposed on China. US President Donald Trump can reduce the tariff imposed on China to 50 to 65 percent. However, these potential cuts made in tariffs imposed on China will depend on the conversation in business talks with Beijing. According to a report by the American newspaper The Wall Street Journal, the Trump administration can take a major step to reduce the increased tension after the tariff war that started between the US and China.
Donald Trump confident of better trade deal with China
“China’s tariffs may be reduced between 50% and 65%,” The Wall Street Journal said, “China said, citing an official of the White House. During a conversation with the media on Tuesday, President Trump appeared to be optimism about a better agreement with China, resulting in a tariff cut on imports from China. When asked about the 245% tariff imposed on China by the US, Trump said, “The new tariff rates will not be so much. It will not be around it anywhere. If China does not make any deal then we will decide the deal.”
Trade war has been going on between America and China for several days
During a conversation with reporters at the White House, Trump said, “We are going to make a better deal with China. It is going to be a proper deal.” He emphasized that the conversation is still going on. Let us tell you that on 16 April, the US had announced a 245 percent tariff on China. Since the announcement of the new tariff policy by Donald Trump, a trade war has been going on between the two countries. While on the one hand the US had announced to ban the new tariff rates imposed on all the countries of the world for 90 days, on the other hand, tariffs were being increased continuously on China.
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