Treasury secretary points to a possible trade deal between US and China
President Donald Trump is in Asia, focusing on trade negotiations with China, as both countries move closer to a potential deal ahead of a major tariff deadline.
President Donald Trump is in Asia, focusing on trade negotiations with China, as both countries move closer to a potential deal ahead of a major tariff deadline.
President Donald Trump is in Asia, focusing on trade negotiations with China, as both countries move closer to a potential deal ahead of a major tariff deadline.
President Donald Trump has arrived in Japan from Malaysia. His trip to Asia focuses heavily on trade.
He is looking to negotiate and strike a deal with China when he meets with Chinese President Xi Jinping on Thursday.
If no agreement is reached, Trump has stated he will impose 157% tariffs on Chinese goods starting Saturday.
Currently, China is paying 55% on goods entering the U.S., and trade tensions between the two countries continue to rise. Beijing recently limited exports of rare earth elements essential for advanced technologies, prompting Trump to threaten additional tariffs on Chinese products.
expressed confidence that Trump will leave South Korea on Thursday with a deal, saying, "They do have a very good relationship. It's based on mutual respect. We're the two largest economies and the two most powerful countries in the world."
Trump has also indicated plans to visit China in the future and suggested that Xi could come to Washington or Mar-a-Lago.
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