US President Donald Trump has announced “significantly reduce” the 145 % tariff on goods imported from China.
According to the World News Agency, Donald Trump announced this significant reduction in his aggressive tariff war during a news conference in the White House.
However, Donald Trump made it clear that the tariff on China would not be completely abolished.
The statement comes at a time when the US Finance Minister described the tariff as “unbearable” and predicted a decrease in trade tensions between the two countries.
Although US President Donald Trump took a soft attitude, he refused to withdraw the full withdrawal, saying that we are going well with China, tariffs will not be so much.
Donald Trump also expressed his desire to improve bilateral relations with China and addressed Chinese President Xi Jinping, saying, “We will be happy together and work ideally.”
The Chinese media, especially the “China Daily”, called this change in Donald Trump’s policy an attempt to restore its declining popularity due to public pressure.
Trump’s statements on China’s social media platform Webu are being presented with hash tags such as “Trump recognizes defeat”.
Remember that the United States has imposed 145 % tariffs on Chinese products so far, in response to China, China has also imposed 125 % of US products.
The tariff war between these two countries severely affected global trade, raised anxiety in the markets and also led to an increase in interest rates with inflation.
