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  5. Trump says China tariff cuts depend on Beijing's actions, seeks "fair deal"

Trump says China tariff cuts depend on Beijing's actions, seeks "fair deal"

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The United States and China are engaged in a trade war, with each side enduring economic hardship in an attempt to pressure the other into concessions. President Trump has stated that his country will have a "fair deal" with China, but the pace of tariff reductions depends on China's willingness to make concessions.

  1. BG
    Kristalina Georgieva
    International Monetary Fund
    1. I very much appreciate Secretary Bessent's reiteration of the US commitment to the Fund and to its role.
    2. We were just about to step on the road to more stability after multiple shocks. We were projecting 3.3% growth, and actually we were worried that this was not strong enough – and here we are.
    3. I want to say that I actually agree with the secretary on one thing. It's a very complicated world, a world of massive challenges of all kinds.
    4. Simply put, the world economy is facing a new and major test.
  2. CN
    Zhao Chenxin
    1. Even if we do not purchase feed grains and oilseeds from the United States, it will not have much impact on our country's grain supply.
  3. CN
    He Yadong
    Chinese Commerce Ministry
    1. Any claims about progress in China-US economic and trade negotiations are baseless rumours without factual evidence.
  4. CN
    Guo Jiakun
    Chinese Ministry of Foreign Affairs
    1. China and the US have not conducted consultations or negotiations on tariffs, let alone reached an agreement.
  5. US
    Donald Trump
    Republican Party
    1. I cannot stress this strongly enough: without certainty, businesses do not invest, households prefer to save rather than to spend, and this further weakens prospects for already weakened growth.
    2. It doesn't matter who 'they' is. We may reveal it later, but they had meetings this morning, and we've been meeting with China.
    3. It depends on China how soon the tariffs can come down.
  6. IT
    Piergiuseppe Fortunato
    1. It's hard to see why countries would want to undermine their own business interests to try and reduce America's trade deficit with China.
    2. China's retaliatory tariffs will hit US farmers hard. Some may go out of business.
    3. On this point, I think Trump has been short-sighted and may be forced to blink first on lowering tariffs with China.
  7. US
    Andy Rothman
    Sinology
    1. In the U.S., you have so many consumer items … where there is no ready replacement. Are people willing and able to pay double … for shoes for their kids?
    2. Tolerance for the pain that's going to be caused is greater in China than it is in the United States.

Trump's tariffs

  1. Donald Trump Orders Retailers to Absorb Tariffs, Rules Out Price Hikes for Consumers
  2. Donald Trump Announces 90-Day Tariff Reduction with China
  3. US and China Reach New Agreement on Tariffs After Ongoing Trade Negotiations in Geneva

sources

  1. 1.Al Jazeera
  2. 2.ABC News (Australia)
  3. 3.The Times of India
  4. 4.The Washington Post
  5. 5.The Korea Herald
  6. 6.The Guardian
  7. 7.South China Morning Post
  8. 8.Le Monde
  9. 9.Agence France-Presse
  10. 10.Bloomberg News
  11. 11.Hankyung
  12. 12.Reuters

perspectives

  1. 1.US under Donald Trump
  2. 2.Chinese Foreign Policy
  3. 3.US-China Relations
  4. 4.Immigration to the US
  5. 5.US Economy
  6. 6.Inflation
  7. 7.Trade Agreement
  8. 8.World Economy
  9. 9.US-India relations
  10. 10.Mexico under Claudia Sheinbaum
  11. 11.US-EU relations
  12. 12.United States–Mexico–Canada Agreement

countries

  1. 1.AzerbaijanAZ
  2. 2.CanadaCA
  3. 3.SwitzerlandCH
  4. 4.ChinaCN
  5. 5.Korea, Republic ofKR
  6. 6.MexicoMX
  7. 7.United StatesUS

organizations

  1. 1.White HouseUS
  2. 2.International Monetary Fund
  3. 3.Federal Reserve SystemUS
  4. 4.World Bank
  5. 5.Boeing CoUS
  6. 6.Council on Foreign Relations
  7. 7.EU Parliament
  8. 8.European Union
  9. 9.Goldman SachsUS
  10. 10.Linerlytica
  11. 11.S&P Global
  12. 12.Target

persons

  1. 1.Donald TrumpUS
  2. 2.Scott BessentUS
  3. 3.He YadongCN
  4. 4.Xi JinpingCN
  5. 5.Andy RothmanUS
  6. 6.Athit Perawongmetha
  7. 7.Elizabeth Frantz
  8. 8.Elon MuskUS
  9. 9.Guo JiakunCN
  10. 10.Ilham AliyevAZ
  11. 11.Jenny Kane
  12. 12.Joerg WuttkeDE

technicals

  1. 1.Bretton Woods
  2. 2.International Emergency Economic Powers Act
  3. 3.Oval Office
  4. 4.White House Rose Garden