At a press briefing in Washington, White House press secretary Karoline Leavitt shared positive news regarding trade negotiations with China.
Status of Trade Negotiations
Karoline Leavitt stated that the Trump administration is actively engaged in negotiations with China, indicating a positive outlook for reaching a trade deal. "The president and the administration are setting the stage for a deal with China," she added.
Response to Tariffs and Measures
Recently, Trump has rolled back several tariffs to a 10% rate as part of a 90-day negotiating window. In response to tariffs from the U.S., China has also implemented retaliatory measures, raising concerns about a full-scale trade war between the two major economies.
Future of Trade Relations
President Trump expressed optimism about finalizing a deal, citing his personal rapport with President Xi as a potential advantage. Meanwhile, Treasury Secretary Scott Bessent noted that current tariff levels cannot last indefinitely and predicted a "de-escalation" of the trade war.
Concerns about trade relations with China remain, but positive signals from the White House may offer hope for resolution of the conflict.
