TRUMP SIGNALS TARIFFS ON CHINA WILL DROP AS MARKETS RALLY ON HOPES OF FUTURE DEAL

An Emirati Magazine publication – Released on April 23,2025 | www.emiratimagazine.com

Former U.S. President Donald Trump hinted that the 145% tariffs on Chinese imports, which he had previously imposed, are likely to be reduced. Speaking from the Oval Office, Trump acknowledged the unusually high rate, stating, “It won’t be that high... it’ll come down substantially—but not to zero.” He emphasized that the U.S. had been "taken for a ride" by China before the tariffs.

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The shift in tone follows Treasury Secretary Scott Bessent’s private remarks at a JP Morgan Chase forum, where he admitted the trade standoff with China is unsustainable. While formal talks with Beijing have yet to begin, White House Press Secretary Karoline Leavitt said the administration is laying the groundwork for future negotiations and that over 100 countries have shown interest in new trade deals—excluding China for now.

Markets responded positively, with U.S. stock indexes rising over 2%, signaling investor hope for an eventual easing in U.S.-China trade tensions.