President Trump announced on April 17 that China has initiated contact to ease the ongoing tariff war. Talks are underway, following Trump’s decision to raise tariffs on Chinese imports.
- China increased tariffs to 125% on U.S. goods in response to the U.S.’s 145% tariffs.
- Commodities like electric vehicles face 245% tariffs due to specific carve-outs
- Trump signaled a delay in finalizing a TikTok deal involving a divestment from its Chinese partner.
- Commerce Secretary, Howard Lutnick, believes a beneficial agreement will be reached.
Tags #Business, #International, #WhiteHouse
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