United States: US President Donald Trump has hinted at a potential easing of tariffs on Chinese goods, ahead of critical US-China trade talks. His remarks come as senior officials from both economic giants prepare for a high-stakes meeting in Switzerland this week.
“You can’t get any higher. It’s at 145, so we know it’s coming down,” Trump said, referencing the recent tariffs imposed on Chinese imports since his return to the White House. The talks mark the strongest signal yet that both nations may be ready to reduce tensions after years of trade disputes.
The US dollar received a boost this week, rising against major currencies. Analysts link the gain to optimism over the upcoming US-China trade talks and a newly signed US-UK trade agreement.
Trump made US -China trade talks comments during the announcement of the UK deal, which is the first formal agreement following the broad tariff hike implemented in April. This new UK-US pact is seen as a model for other countries racing to negotiate similar arrangements before steep tariffs take effect next month.
“I think it’s a very friendly meeting. They look forward to doing it in an elegant way,” Trump remarked, expressing confidence in the tone of the upcoming talks.
China has echoed this optimism. Vice Foreign Minister Hua Chunying stated that, Beijing holds “full confidence” in its ability to navigate the ongoing trade challenges with the US. While the atmosphere appears more cooperative, experts warn that only limited progress should be expected.
Stephen Olson, a former US trade negotiator said that, “The systemic frictions between the US and China will not be resolved any time soon. Any cuts to tariffs as a result of this meeting are likely to be minor.”
The initial negotiations will be led by US Treasury Secretary Scott Bessent and China’s Vice Premier He Lifeng.With financial markets watching closely, the upcoming US-China trade talks could mark the beginning of a cautious thaw in global trade tensions.
ALSO READ | Operation Sindoor: India launches major missile strikes on Pakistan
