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Trump Says 80% Tariff on China 'Seems Right' Ahead of Geneva Talks, Final Rate Up to Treasury Secretary
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U.S. President Donald Trump said on Friday that an 80% tariff on Chinese goods 'seems right,' ahead of trade talks in Geneva this weekend between U.S. and Chinese officials.
This is the first time Trump has suggested a specific alternative to the 145% tariffs currently imposed on Chinese imports. He stated the final decision on the tariff rate would be up to U.S. Treasury Secretary Scott Bessent, referencing the matter in a Truth Social post.
Treasury Secretary Bessent and chief trade negotiator Jamieson Greer are scheduled to meet with Chinese economic tsar He Lifeng in Switzerland. The talks are intended to address the ongoing trade war between the two countries.
China has previously responded to U.S. tariffs by raising its own tariffs on American goods to 125% and imposing export curbs on rare earth elements. Trump also called on China to open its markets to U.S. goods, stating that 'closed markets don’t work anymore.'
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@vivianwubeijingThis episode means a lot to me. I sat down in Kathmandu with my dear friend of 20 years and most trusted former colleague, Filip Noubel [@nasredinhoja], to talk about the topic he’s most eager to explore in Chinese: how Russians view China and the Chinese. Filip’s life story is https://t.co/zvTWpCwJNn
Reuters China
@ReutersChinaAhead of China-US talks, Trump says 80% tariff 'seems right' https://t.co/R5Ci5GUR5K
