US president points to a diminished appetite for sharply higher across-the-board tariffs on dozens of countries
A drone view shows a cargo ship at Kwai Tsing Container Terminals in Hong Kong, April 16, 2025. — Reuters
- “I don’t want them to go higher,” says the US president about tariffs.
- Markets reacted violently to the introduction of higher tariffs on April 2.
- China expresses optimism over reaching a deal, says Trump.
On Thursday, President Donald Trump of America indicated that a deal regarding the future of social media platform TikTok may additionally have to wait, and that the tit-for-tat tariff hikes between America and China can also come to an end. Trump advised newshounds at the White House about price lists, “I do not want them to get better because at a positive factor, you make it where people don’t buy.” “So, I might not want to move higher, or I might not want to even pass as much as that degree. I may also want to go less because you recognize you need people to buy, and, at a positive point, humans aren’t gonna buy.”
Trump’s feedback further pointed to a diminished appetite for sharply better, throughout-the-board tariffs on dozens of nations after markets reacted violently to their creation on April 2.
The majority of products entering the U.S. have been challenged by ten price lists imposed by the Republican president, but better levies were postponed even as negotiations have been ongoing. Still, he hiked prices on Chinese imports, now totaling 145%, after Beijing retaliated with its counter-measures. Last week, China stated “will no longer respond” to a “numbers game with tariffs,” its signal that across-the-board prices might no longer increase similarly.
Trump stated China was in touch because of the imposition of price lists and expressed optimism that they could reach a deal.
Sources advised Reuters that there have not been many loose-flowing, high-level conversations among the two sides that could result in a deal. Speaking with journalists, Trump time and again declined to specify the nature of talks among the countries or whether or not they included Chinese President Xi Jinping.
ByteDance, a Chinese agency, has been given an extended criminal deadline by using Trump to promote the USA belongings of the quick video app that one hundred seventy million Americans use. On Thursday, he said a spin-off deal would likely wait until the trade issue is settled.
“We have a deal for TikTok, but it’ll be subject to China, so we’ll just delay the deal till this thing works out one way or the other,” said Trump.