- Trump anticipates “substantive” commerce talks with China this weekend, with tariffs capped at 145%.
- Treasury Secretary Scott Bessent and commerce negotiator Jamieson Greer will meet China’s He Lifeng in Switzerland.
- Trump suggests China has “much more to realize” from a deal and hints he may converse with President Xi after the talks.
President Donald Trump sounded unusually upbeat on Thursday, predicting that the upcoming commerce talks with China could possibly be “substantive,” regardless of tariffs already maxed out at a staggering 145%. “You possibly can’t go any greater. It’s at 145, so we all know it’s coming down,” Trump mentioned, including, “I believe it’s going to be a really pleasant assembly. They sit up for doing it in a sublime manner.”
Treasury Secretary Scott Bessent and chief commerce negotiator Jamieson Greer are set to fulfill China’s financial czar He Lifeng in Switzerland this weekend. Trump hinted that he may name Chinese language President Xi Jinping after the talks, however saved it imprecise. “I would, yeah, positive,” he mentioned, shrugging.
China Has “Extra to Achieve” From a Deal, Says Trump
Regardless of the brutal tariff standoff, Trump claimed China was desirous to strike a deal, saying they “have lots to realize” by opening up their economic system. “They’ve much more to realize than we do, in a way,” he mentioned. He additionally labeled China’s commerce surplus with the U.S. as “great” and “unacceptable.”
When requested if he anticipated progress this weekend, Trump was cautiously optimistic. “I believe it’s going to be substantive,” he mentioned. “China needs to do one thing, and look, they need to at this level.”