Trump Prioritizes Resolving China Trade Spat Before Finalizing TikTok Deal
- Consumer impact was mentioned as the reason
- There was a positive effect on global markets, particularly Asian ones
- TikTok deal to be paused until trade issue is settled
In a notable shift, US President Donald Trump has signaled a potential easing of the escalating tariff confrontation with China.
Speaking at the White House, Trump expressed concerns about the impact of high tariffs on consumer demand, stating: “I don’t want them to go higher because at a certain point, you make it where people don’t buy.” He even hinted tariffs could be reduced, noting high costs could eventually stop consumers from buying.
This comes after a series of back-and-forth tariff increases between the US and China. The escalating trade tensions have been a big concern for the financial markets all around the world.
Are Formal US-China Trade Talks Resuming?
Now, despite the lack of formal negotiations, both sides have shown signs of seeking a resolution. China’s Foreign Minister Wang Yi emphasized opposition to “unilateral bullying” and protectionism, calling for mutual respect in trade relations. For his part, Trump sounded optimistic about reaching a trade de…
The post Trump Prioritizes Resolving China Trade Spat Before Finalizing TikTok Deal appeared first on Coin Edition.
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Trump Prioritizes Resolving China Trade Spat Before Finalizing TikTok Deal
- Consumer impact was mentioned as the reason
- There was a positive effect on global markets, particularly Asian ones
- TikTok deal to be paused until trade issue is settled
In a notable shift, US President Donald Trump has signaled a potential easing of the escalating tariff confrontation with China.
Speaking at the White House, Trump expressed concerns about the impact of high tariffs on consumer demand, stating: “I don’t want them to go higher because at a certain point, you make it where people don’t buy.” He even hinted tariffs could be reduced, noting high costs could eventually stop consumers from buying.
This comes after a series of back-and-forth tariff increases between the US and China. The escalating trade tensions have been a big concern for the financial markets all around the world.
Are Formal US-China Trade Talks Resuming?
Now, despite the lack of formal negotiations, both sides have shown signs of seeking a resolution. China’s Foreign Minister Wang Yi emphasized opposition to “unilateral bullying” and protectionism, calling for mutual respect in trade relations. For his part, Trump sounded optimistic about reaching a trade de…
The post Trump Prioritizes Resolving China Trade Spat Before Finalizing TikTok Deal appeared first on Coin Edition.
Read More
Bitcoin Bulls Battle 90k Resistance Zone Fueled By Trump Tariff Woes