President Donald Trump stated he will not agree to a tariff deal with China unless the trade deficit is addressed. He highlighted a $1 trillion U.S. trade deficit with China, indicating the loss of hundreds of billions annually. Trump’s stance follows China’s announcement of a 34% tariff on U.S. imports, effective this week, mirroring Trump’s recent tariffs on Chinese goods. These actions are part of what Trump terms “reciprocal tariffs” aimed at numerous U.S. trade partners.
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