Key Highlights:
- Trump confirms he will not reduce 145% tariffs on Chinese imports
- High-level U.S.-China trade talks to take place in Switzerland
- Beijing demands tariff rollback before serious negotiations
- Investor skepticism grows over likelihood of progress
- U.S. President Donald Trump has ruled out reducing the 145% tariffs currently imposed on Chinese imports, even as high-level trade negotiations between Washington and Beijing are set to begin. When asked at the White House whether he would consider easing the tariffs to facilitate talks, Trump firmly responded, “No.”
The announcement comes just ahead of a planned meeting in Switzerland between U.S. Treasury Secretary Scott Bessent, Trade Representative Jamieson Greer, and their Chinese counterparts. According to Chinese officials, the meeting was initiated by Washington, although Beijing has maintained its opposition to the steep U.S. tariffs and continues to call for their removal as a precondition for meaningful dialogue.
Earlier in the week, Trump stated he had no plans to finalize any new trade deals in the near term, signaling a tough stance not only toward China but also toward other key trading partners affected by his reciprocal tariff strategy.
Despite the upcoming talks, expectations among investors remain low, with both sides taking hardline positions. China has retaliated with tariffs of its own, reaching up to 125% on U.S. goods, and has shown little interest in engaging unless the U.S. tariffs are scaled back.
With both nations digging in, the upcoming talks are likely to be tense and may yield limited progress unless there’s a significant shift in approach from either side.
<p>The post Trump Rules Out Tariff Cuts on China Ahead of Key Trade Talks first appeared on toplivenews.com.</p>
