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Trump Confirms Ongoing China Trade Talks, No Immediate Deal, Maintains Tariffs Up to 145% on Some Goods

15 posts • GPT (4.1)

Updated May 5, 2025, 01:35 PM

President Donald Trump has confirmed that the United States is engaged in ongoing trade negotiations with multiple countries, including China, with the stated goal of reaching fair trade agreements.

Trump has reiterated his longstanding accusation that China has taken advantage of the United States in trade for many years and emphasized his intention to set the terms of any future deals himself. He stated, 'I want a fair deal with China, but China has been ripping us off for many years.'

While Trump indicated that trade agreements with some partners could be announced this week, he clarified that he does not expect to speak directly with Chinese President Xi Jinping in the immediate future. Instead, U.S. officials are continuing discussions with their Chinese counterparts. Trump confirmed there is no immediate deal with China.

The president has also maintained his position on tariffs, suggesting that tariffs on China will remain in place for now and that he has the authority to set or adjust them. Reports indicate new tariffs have recently been implemented, including a 25% tariff on engines, and that earlier tariffs, such as the 'Liberation Day' tariffs, were suspended for 90 days amid ongoing talks. Some goods have been subject to tariffs as high as 145%.

Trump has left open the possibility of lowering tariffs on China at some point but emphasized that any decision will be made at his discretion. He also reiterated calls for Federal Reserve rate cuts and confirmed that Fed Chair Powell will remain in his position.

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Sources

jp.reuters.com(2)ambito.com wgntv.com mystateline.com

Ámbito Financiero

@Ambitocom

Donald Trump confirms trade talks with China and other countries https://t.co/8qug3VkJIV

WGN TV News

@WGNNews

President Trump says there is a possibility for some trade agreements https://t.co/WPyzreQL6h

Eyewitness News WTVO/WQRF

@MyStateline

President Donald Trump teased potential agreements this week with U.S. trading partners in his ongoing tariff war but likely not on the list, China. https://t.co/kUeQ7Y8bPL