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BumRushDaShow

(156,269 posts)
Fri May 9, 2025, 07:51 AM May 9

Trump suggests cutting China tariff rate to still-high 80% ahead of Switzerland talks [View all]

Source: CNBC

Published Fri, May 9 2025 7:35 AM EDT Updated 12 Min Ago


President Donald Trump indicated Friday ahead of key trade talks that he was willing to lower tariffs on China to 80%, but that level may still be higher than what investors and business leaders were hoping for. “80% Tariff on China seems right! Up to Scott B,” Trump said in a Truth Social post. Treasury Secretary Scott Bessent is one of the U.S. officials set to speak with counterparts from China at meetings in Switzerland this weekend.

An 80% levy would be a significant reduction from the 145% tariff currently facing many Chinese goods. However, that number could still be seen as prohibitive to trade. It is also much higher than the 10% baseline tariff in the U.S.-U.K. trade agreement that was announced Thursday.

It is unclear whether Trump wants the 80% rate to be the long-term tariff for China, or whether it should be viewed as a step in negotiations. In a separate post, Trump said “Many Trade Deals in the hopper, all good (GREAT!) ones!”

China is seen as the key hurdle in Trump’s effort to shake up the global trading environment. While many other major countries saw his previously announced tariffs partially paused on April 9, tensions rose between the White House and Beijing until both countries had imposed a tariff of more than 100% on goods.

Read more: https://www.cnbc.com/2025/05/09/trump-china-tariffs-trade-talks.html



Article updated.

Previous article/headlines -

Trump suggests cutting China tariff to still-high 80% ahead of U.S.-Beijing trade talks


Published Fri, May 9 2025 7:35 AM EDT Updated 6 Min Ago


President Donald Trump said in a social media post Friday that an 80% tariff on Chinese goods "seems right" ahead of key trade talks this weekend. "80% Tariff on China seems right! Up to Scott B," Trump said in a Truth Social post. Treasury Secretary Scott Bessent is one of the U.S. officials set to speak with counterparts from China at a meeting in Switzerland.

An 80% levy would be a sharp reduction from the 145% tariff currently facing many Chinese goods. However, that number could still be seen as prohibitive to trade, and is much higher than the 10% baseline tariff in the U.S.-U.K. trade agreement that was announced Thursday.

It is unclear if Trump wants the 80% rate to be the long-term tariff for China or should be viewed as a step in negotiations.

China is seen as the key hurdle in Trump's effort to shake up the global trading environment. While many other major countries saw the previously announced tariffs partially paused on April 9, tensions rose between the White House and Beijing until both countries had imposed a tariff of more than 100% on goods.



Original article/headline -

Trump says 80% tariff on China 'seems right' ahead of U.S.-Beijing trade talks

Published Fri, May 9 2025 7:35 AM EDT Updated 6 Min Ago


President Donald Trump said in a social media post Friday that an 80% tariff on Chinese goods "seems right" ahead of key trade talks this weekend.

"80% Tariff on China seems right! Up to Scott B," Trump said in a Truth Social post. Treasury Secretary Scott Bessent is one of the U.S. officials set to speak with counterparts from China at a meeting in Switzerland.

An 80% levy would be a sharp reduction from the 145% tariff currently facing many Chinese goods.

China is seen as the key hurdle in Trump's effort to shake up the global trading environment. While many other major countries saw the previously announced tariffs partially paused on April 9, tensions between the White House and Beijing until both countries had imposed a tariff of more than 100% on goods.

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21 replies = new reply since forum marked as read
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Seems right today BoRaGard May 9 #1
His gut never lets him down. Kid Berwyn May 9 #2
Chinese may think otherwise. Trump acts like he is negotiating a property sale. This is a different deal dummy. dutch777 May 9 #3
China will tell Trump to take off that first number and you have a DEAL..... Bengus81 May 9 #7
80% will have the same effect as 145% gab13by13 May 9 #4
China's exports were down 20% but gab13by13 May 9 #5
Of course. The USA will just be dropped like a bad habit. ananda May 9 #11
Still think that's a great "deal" on stuff that costs $80- $100 Trump? Go ask Harbor Freight Bengus81 May 9 #6
Vast majority of the owners, operators and employees in that corporation voted for him wolfie001 May 9 #9
Amazing the number of bootlickers and "financial gurus" thinking this fat clown is a genius wolfie001 May 9 #8
Attempting to manipulate the stock market moniss May 9 #10
Waffling, will cave soon. republianmushroom May 9 #12
I believe the Chinese offer was Ray Bruns May 9 #13
According to the local Swiss news LittleGirl May 9 #14
So begins the Turd's "surrender" to China. Tarzanrock May 9 #15
Trump is blinking so much on these "deals," we can all save on air conditioning. Montauk6 May 9 #16
The self-anointed great negotiator ...negotiating with himself and losing ... nt Jarqui May 9 #17
the orange asshole is blinking so much Xi thinks he's batting his eyes at him. nt Javaman May 9 #18
Xi Jinping is in Moscow ... Tarzanrock May 9 #19
"Mad King Donald" Pototan May 9 #20
He doesn't know what he's doing. Mz Pip May 9 #21
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