Pakistan, April 18 -- President Donald Trump suggested a potential halt to rising tariffs between the U.S. and China. He spoke to reporters at the White House on Thursday, noting that higher tariffs could discourage consumer spending. "At a certain point, people aren't gonna buy," Trump said.
The President had previously imposed a 10% tariff on most imports. However, he delayed further increases while negotiations continue. Currently, tariffs on Chinese imports stand at 145% after China retaliated against U.S. measures. Trump indicated a reduced appetite for additional tariffs after market reactions to previous increases were negative.
Trump also mentioned that China has maintained communication regarding the tariffs. While he expressed...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.