Trump says he may revise US tariff amounts for some trading partners including China
Prospect of ‘special deal’ sends US equities market surging as Wall Street Journal reports White House is considering more targeted taxes
“Over the next two or three weeks, we’ll be setting the [tariffs] number,” Trump said at the White House on Wednesday. “We are dealing with a lot of countries right now.”
Asked if the revisions would apply to China, he replied that they “could be for China”.
“Maybe we’ll make a special deal, and we’ll see what it will be,” Trump added. “Right now, it’s 145 per cent, that’s very high.”
The American leader urged Beijing officials to visit Washington to negotiate. Later in the briefing, he said officials on both sides were in contact over trade “every day” but gave no further details.
“I hope we can make a deal,” said Trump. “Otherwise, we’ll set a price, and hopefully they’ll come here, and they’ll contribute, and if they don’t, that’s OK.”