Pres. Trump sticks to position on China tariffs
Treasury Sec. Bessent to meet with Chinese officials
WASHINGTON (Gray DC) - China agrees to come to the negotiating table as the President swears in a new Ambassador to Beijing.
Trade talks between the U.S. and China have now been set. But the President is showing no signs of lowering the massive trade tariffs imposed on Chinese goods.
President Donald Trump in the Oval Office as former Georgia Senator David Purdue is sworn in America’s new Ambassador to China.
President Donald Trump:
“Now I’m entrusting David to help manage one of America’s most complex and consequential foreign relationships. And I know he’ll do a fantastic job as our lead diplomat in Beijing.
Ambassador David Purdue:
“I’m glad to be your man in China.”
Purdue was sworn in on the same day that China said that it’s top trade official will meet with Treasury Secretary Scott Bessent in Switzerland this week. China is not happy that the U.S. has imposed 145% trade tariffs on Chinese goods exported to the U.S.
President Trump insisted he’s bringing change, “We were losing $1 trillion a year. Now we’re not losing anything. You know, that’s the way I look at it.”
And the President indicated that the trade talks with China may not lead to any compromise.
Unknown Reporter:
“China says in order to have substantive negotiations, you have to bring down your 145% tariffs. Are you open to pulling back your tariffs in order to get China to the negotiating table?”
President Trump: No.
China’s response to the U.S. tariffs was to hike its own tariffs on American goods to 125 percent. That has effectively frozen all trade between the two countries in recent weeks.
Tariffs are paid by the importer and often the cost is ed onto the consumer.
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