President Donald Trump said Friday that the United States will maintain a 10% base tariff on imports even after commercial agreements are reached, and added that there could be exemptions when countries offer significant commercial terms.
Trump said he will wait for new commercial agreements in the coming weeks, but “we always have a base of 10%.”
Trump declared today that an 80% tariff on Chinese products “seems correct”, for the first time suggesting a specific alternative to the taxes of 145% that have imposed on Chinese imports before the weekend conversations between the two countries, which will be closely followed.
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The United States Secretary of the Treasury, Scott Besent, and the Chief Commercial Negotiator, Jamieson Greer, will meet with the Chinese economic tsar, He Lifeng, in Switzerland to discuss how to contain the harmful commercial war between the two largest economies in the world, which has already tangled the global supply chains.
When Trump was asked how Trump reached the figure of 80%, the White House spokeswoman, Karoline Leavitt, said: “That was a figure that the president launched and we will see what happens this weekend.”
With Reuters information
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