Trump Signals Tariff Rollback on China, Celebrates ‘Historic’ UK Trade Deal
Washington | April 23, 2025:
Amid mounting global economic concerns, US President Donald Trump has indicated a potential easing of the ongoing trade war with China, but remained firm that tariffs will not be eliminated entirely.
In a statement from the Oval Office, Trump said,
“The tariffs will come down substantially. But it won’t be zero.”
Currently, tariffs on Chinese imports stand as high as 145%, largely due to U.S. pressure on fentanyl trafficking and trade imbalances. Trump acknowledged the burden of these levies and appeared ready to negotiate—but on America’s terms.
“If they don’t make a deal, we’ll set the deal,” Trump asserted, adding, “It’ll be fair for everybody, and it’s a process that’s going to go pretty quickly.”
Trump’s conciliatory tone comes as the International Monetary Fund (IMF) downgraded global growth forecasts, citing the trade war’s role in creating a “significant slowdown.” Economists have warned of an increased risk of recession in the United States.
Still, the White House insists the tariffs have worked in America’s favor. Press Secretary Karoline Leavitt claimed the policy has driven global interest in bilateral trade deals with the U.S.
“The world is knocking on our door,” she stated.
So far, Trump has imposed tariffs up to 145% on various Chinese imports, with the administration hinting at rates as high as 245% when combined with previous levies. China, in retaliation, imposed a 125% duty on American goods and warned it would “fight to the end.”
Despite the tit-for-tat measures, Trump reiterated his belief that China must agree to a deal to maintain access to American markets.
“They want to be involved. We want them involved. But it has to be on fair terms.”
Trump China trade war, US tariffs 2025, China US deal, global recession fears, Trump White House, economic slowdown, IMF forecast, US China relations
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