President Trump has asserted he will not reduce tariffs exceeding 145% on Chinese imports as negotiations approach, despite Treasury Secretary Scott Bessent's remarks indicating a lean towards mutual tariff reduction. Trump affirmed that without the tariff cuts, substantive discussions cannot occur. China has maintained its stance of not negotiating unless the tariffs are lowered. This high tariff environment has contributed to a significant decline in shipping activity at major U.S. ports and raised concerns among retailers about inventory shortages.
President Trump firmly stated he will not lower tariffs on Chinese goods to facilitate trade negotiations, despite suggestions from Treasury Secretary Scott Bessent for a mutual reduction.
Bessent acknowledged on Fox News that sustaining such high tariffs is unsustainable for China, stating that the current tariff rates feel more akin to an embargo than fair trade.
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