Trump Rejects Any Pullback on 145 Percent China Tariffs

Axios

 

President Trump on Wednesday said he would not pull back on 145% tariffs against China to get them to the negotiating table for a trade deal.

Trump’s comments may dent the market’s optimism that Saturday’s planned talks in Switzerland could lead to a de-escalation of the trade war that has roiled the global economy.

Trump, taking questions in the Oval Office Wednesday, was asked if he’d give ground on the Chinese levies for the sake of talks.

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