Trump: If China and the U.S. cannot reach a long-term trade agreement, tariffs will rise significantly
TechFlow Selected TechFlow Selected
Trump: If China and the U.S. cannot reach a long-term trade agreement, tariffs will rise significantly
According to CNBC, President Trump said Monday morning that even if a long-term deal isn't reached after the 90-day pause expires, tariffs on China won't revert to 145%, but will rise significantly. Earlier reports indicated that China and the U.S. reached a temporary trade agreement, under which both sides would substantially reduce tariffs—America would lower its tariffs on China from 145% to 30%, while China would cut tariffs on U.S. goods from 125% to 10%.
Navigating Web3 tides with focused insightsTechFlow, May 13 — According to CNBC, U.S. President Trump said Monday morning that even if a long-term deal isn't reached after the 90-day pause expires, tariffs on China will not return to 145%, but will rise significantly.
Earlier reports indicated that China and the U.S. reached a temporary trade agreement, under which both sides would substantially reduce tariffs—the U.S. lowering its tariffs on Chinese goods from 145% to 30%, while China would lower tariffs on U.S. products from 125% to 10%.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
