Editor's PiCK
Trump: "Wants an Additional 10% Cut in Tariffs on China"…US and China Expected to Sign Trade Deal Next Week
Suehyeon Lee
Summary
- President Donald Trump said he wants to further cut tariffs on China by 10%.
- The United States and China plan to finalize the trade agreement signing next week.
- They said this agreement is expected to result in tariff easing at the largest level since the U.S.-China trade war.
U.S. President Donald Trump reaffirmed his willingness to improve trade relations with China and said he wants to further lower tariffs on China by 10%.
On the 1st (local time), according to Watchergru, President Trump said, "I want to lower tariffs on China by 10% more," and emphasized, "This U.S.-China trade agreement will be a long-term agreement, not a short-term measure."
In this regard, U.S. Treasury Secretary Scott Bessent said, "The United States and China plan to finalize the signing of the trade agreement within next week." If this agreement is officially signed, it is expected to represent the largest level of tariff easing since the U.S.-China trade war.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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