The post Trump says he will lower tariffs on China “at some point” appeared on BitcoinEthereumNews.com.

President Donald Trump said he plans to reduce the massive trade tariffs on China eventually, but not right now, because doing business between the two countries has basically come to a halt. He made the comment during an interview on NBC’s Meet the Press with Kristen Welker that aired Sunday. “At some point, I’m going to lower them, because otherwise, you could never do business with them, and they want to do business very much,” Trump said. The U.S., under Trump, has already hit Chinese imports with tariffs as high as 145%, while China hit back with 125% on American goods. The standoff has cut down trade activity between the world’s two biggest economies, sent warnings through the markets, and could raise the price of essential products like manufacturing equipment, clothing, and toys that people in the U.S. buy regularly. The information was reported by CNBC. Retailers stop orders as factories halt production Trump launched the new tariffs on April 2, starting with a 34% hit on goods coming from China. The White House later raised that figure to 145%. Once those numbers dropped, American retailers immediately paused orders. Many Chinese factories froze operations because of the uncertainty. That’s what several companies told CNBC during interviews. Some factories have started moving again, but only because they’re worried about missing the shopping season. “If you don’t start producing in the next couple of weeks, you’re going to start missing Black Friday and Christmas,” said Cameron Johnson, a senior partner at Tidalwave Solutions, based in Shanghai. Johnson added that “both sides are trying to be flexible to some degree,” and pointed out that restarting supply chains after a full stop is way harder than keeping them alive. Many U.S. buyers tried to outsmart the tariffs by piling up inventory late last year,…

---

Filed under: News - @ May 4, 2025 5:26 pm