Trump US-China Tariff Agreement: If the US-China fails to reach an agreement, will Trump increase tariffs on Chinese goods again? Check details

President Donald Trump said on Monday that he does not expect our tariffs on Chinese imports to recover to 145% after the current 90-day pause ends. He expressed confidence that Washington and Beijing will reach an agreement.However, Trump also pointed out that if no agreement is reached, tariffs on Chinese goods can still be significantly increased. President Donald Trump said he might be with Chinese leader Xi Jinping: “Maybe it’s this weekend.”
That comes after negotiators at the U.S. and China meeting in Switzerland this weekend agreed to reduce tariffs on 90 days of talks. The U.S. imposes import tax on China still higher than when Trump took office 30%.
Trump told reporters on Monday that the lowered tariff rates do not include tariffs on cars, steel and aluminum, as well as potential import taxes on drugs. Trump repeatedly said that Beijing hopes to reach a deal “very bad” and avoids returning to the United States – the worst of the China trade war.

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United States – China Tariff Agreement

The U.S. and China announced a deal on Monday to significantly reduce tax tariffs by 90 days, with President Donald Trump being called a “all reset” as he said a call with his peer XI jinping would soon receive the first talks between Washington and Beijing. negotiation. The news has caused financial markets to soar over weeks of turmoil over tariff concerns, with major Wall Street indexes soaring rapidly.

“We had a full reset with China yesterday after the productive talks in Geneva,” Trump said. “I may talk to Xi Jinping this weekend.”

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Trump’s new responsibilities for many imports imported from China this year rose to 145%, while other countries 10% of the global tariff blitz launched last month. Beijing has 125% responsibility for U.S. goods.

The United States has agreed to reduce its tariffs on Chinese goods to 30%, while China has reduced its own tariffs to 10%.

U.S. Trade Representative Jamieson Greer told reporters that the additional U.S. tariff rate remains higher than China because it includes Trump’s complaints about China’s export of chemicals used to make fentanyl.

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“These people are currently unchanged,” he said. But “China and the United States have agreed to work constructively on fentanyl, and there are also positive paths there.”

Trump’s tariffs and high interest rates against China have aroused financial markets, raising concerns that taxes will rekindle inflation and cause a global recession. The Geneva meeting took place a few days after Trump reached a trade deal with Britain, any country since his new duty to his friends and enemies.