Trump's latest statement is willing to lower tariffs on China
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"At some point I'll lower the tariffs or you'll never be able to do business with them (China) - and they really want to do business," Trump said.
Trump told the U.S. media on Air Force One that U.S. officials are talking to Chinese officials about various things. When asked whether any trade deal will be announced this week, Trump said it was "very likely" but did not disclose details.
He suggested that it is not expected to reach an agreement with some countries, but that it may beIn the next two to three weeks"Set certain tariffs" for these trading partners.
It is worth noting that the latest statements of China's Ministry of Commerce have also shown some positive signals.
A reporter asked: Recently, the US side has repeatedly stated that it is negotiating with China on economic and trade issues and will reach an agreement. Does the Ministry of Commerce have any further news and comments on this?
Answer: China has noticed that the US senior management has repeatedly stated that it is willing to negotiate with China on tariff issues. At the same time, the US has recently actively conveyed information to China through relevant parties, hoping to talk to China. China is conducting an assessment in this regard.
On April 29, local time, Trump signed the latest executive order, announcingCancel the overlayed tariffs, and thus significantly lower the import tariffs on automobiles and parts products.
The executive order issued by the White House states that within the scope where these tariffs apply to the same item, these tariffs should not all have a cumulative effect, because the overlapping yields tariff rates that exceed the tax rates required to achieve the expected policy goals.
In order to avoid the cumulative impact of tariff superposition on certain items, it is decided to adjust tariffs on such goods.
According to the latest regulations, automobile and auto parts products that have imposed a 25% tariff in accordance with Article 232 do not need to be superimposed on the reciprocal tariff, nor do they need to be superimposed on the 232 steel and aluminum tariffs (25%)!
The US move is equivalent to a significant tax cut, especiallyBenefits Chinese automobile and auto parts export companiesThe tariffs of these enterprises have dropped sharply from the previous "10% fentanyl tariff 10% fentanyl tariff 125% reciprocal tariff = 145% new tariff" to "10% fentanyl tariff 10% fentanyl tax 25% "Article 232" tariff = 45% new tariff", a decrease of up to 100%.
If the Article 232 steel and aluminum tariffs and new reciprocal tariffs have been levied, the consignee may apply to the US Customs to return the overpaid tariffs.
The U.S. Chamber of Commerce recently wrote a letter to Trump, urging him to implement a "tariff exemption mechanism" immediately to prevent the U.S. economy from falling into recession and causing "irreparable harm" to small businesses.
"The U.S. Chamber of Commerce President Clark wrote in a letter sent to Treasury Secretary Becente, Commerce Secretary Lutnik and U.S. Trade Representative Greer on the evening of April 30: "The U.S. Chamber of Commerce requires the government to take immediate action to save small American businesses and avoid economic recession."
Earlier, U.S. Treasury Secretary Bescent Bescent said that high tariffs between the United States and China actually hindered trade between the two countries. The trade war with China is unsustainable, and he expects the war to ease in the near future.
Sources said Becent told investors that the goal is to achieve trade rebalancing, rather than a complete break or decoupling between the United States and China.
