By Admin 
Trump Tariff: US President Donald Trump has proposed to reduce the tariffs imposed on China to 80 percent. This can be a big step towards reducing the tension of trade war that broke between the two countries. Trump wrote on Truth Social, 80 percent tariff on China seems correct! Scott depends on B. Let me tell you that here he mentioned his Treasury Secretary Scott B, is one of the US officials who talks with the counterparts of China in a meeting to be held in Geneva, Switzerland. This will be the biggest talks after the trade war between the two countries.
Trump talks about opening market from China
In his second post, Trump said, “China should open its market to America – it will be great for them !!! I can’t work now from the closed market !!!”
The proposal of 80 percent tariff on sugar imports from Trump is much less than the current 145 percent tariff. However, this is more than 10 % universal tariffs to be installed on the US-UK trade deal announced on Thursday. China is one of the largest trading partners in America. According to the US Trade Representative Office, in 2024, the US exported goods worth $ 143.5 billion to China and imported $ 438.9 billion.
On April 2, Trump had reciprocal tariff
On April 2, Trump announced to put reciperook tariff on his business partners. After this, China also retaliated. Then the two countries started putting heavy tariffs on each other one after the other. China had announced to impose 125 percent tariffs on US imports, while the US had announced 145 percent tariff on China’s products. However, later Trump’s government had also talked about keeping some electronic goods out of the scope of tariffs.
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