Editor's PiCK
Trump: "Will Decide on Tariff Rates on China in 2-3 Weeks"... Hints at Readjustment
Summary
- U.S. President Donald Trump reiterated that he will decide on the tariff rates on Chinese imports within 2-3 weeks.
- President Trump hinted at the possibility of lowering the high tariffs over 145% and stated that negotiations with China are ongoing daily.
- The outcome of the tariff negotiations with China is expected to be a significant variable affecting the main negotiation trajectory.
U.S. President Donald Trump reiterated on the 23rd (local time) that he might lower the tariff rates on Chinese imports.
President Trump, when asked by reporters in the Oval Office about how quickly he could lower the tariffs on China, replied, "That depends on China." He further stated, "We will decide on the tariff rates we will choose in the next 2-3 weeks," adding, "(These tariff rates) could be on China."
Previously, President Trump had hinted at the possibility of lowering the tariffs, which are currently over 145%, on Chinese imports, stating they are too high. On this day, he even mentioned a specific timeline for the reduction. When asked if direct negotiations with China were taking place, President Trump responded, "Yes, every day."
Reporter Minhyung Lee from Hankyung.com meaning@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
