Trump's SHOCKING Tariff Announcement: Will Trade War with China END?

2025-04-23 01:30:16.436

President Donald Trump announced that tariffs on Chinese goods will be reduced substantially, though not eliminated entirely. This follows comments from Treasury Secretary Scott Bessent who indicated that the current high tariffs are unsustainable. Trump imposed 145% tariffs on Chinese goods, prompting retaliatory tariffs from China. These tariffs have caused market instability and increased interest rates. While Trump claims the US is "doing fine with China," he suggested a more conciliatory approach, stating that the two nations will "live together very happily." Despite this, China warned other countries against making trade deals that negatively impact its interests. The Trump administration has received numerous proposals for trade deals from other countries, indicating widespread interest in resolving trade tensions. However, the situation remains uncertain, particularly given Trump's continued pressure on the Federal Reserve to lower interest rates.