Donald Trump on Trade Ties with China: US President Donald Trump has once again made a big statement about China’s relationship with the US. In an interview, when he was asked about the business deficit and relations with China, he said that the relations between the two countries are good and the situation is getting better in business.

“We are moving well with China,” Trump said. He further said that it is beneficial to have good relations with China, but they are now paying heavy tariffs. “Trump’s statement came at a time when the White House recently said that there has been some good progress in trade agreements between America and China.

This consent in America-China

According to a AFP report, China has now agreed to sending the essential minerals to the US rapidly. Both countries have also decided that at present, more tax imposed on each other will be reduced for some time. This decision was taken after a conversation in Geneva in May.

President Trump made a scathing attack on the previous government

President Trump made a scathing attack on China and East’s Biden’s government. He said that due to Biden, the trade deficit between the US and China reached 1 trillion dollars, which is a big mistake. Trump said, “Biden has put China ahead in everything, but we will not do this. We have compromised rare-economical materials with China and we also have strength. China needs our airplane parts, without us, they cannot fly.”

Trump revealed about Tiktok

Trump said that a group is ready to buy Tiktok, which includes very rich people. He also informed that China’s approval is necessary for this deal and he hopes that President Xi Jinping will approve it.

He said, “We have a buyer for Tiktok. I will announce it in about two weeks.” Trump also reminded that China’s economy had stopped and America had benefited when 145% tariff was imposed on China in his time.

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Us-china tarif war: Economic conflict between America and China is not a new issue. In the trade war that started from 2018, the two countries put heavy tariffs on each other’s products from time to time. However, this dispute has now reached a new height, when the US increased the tariff on products imported from China to 125%.

The main objective of increasing tariffs against China from the US is to motivate domestic companies to manufacture and reduce dependence on Chinese goods. Trump’s move will affect not only China, but also American consumer, because cheaper goods imported from China will now become expensive. This can increase inflation in the US market.

What does America buy from China?
China is one of the largest exporting countries of America. In the US market, electronics, toys and consumer products are well supplied from China. These include especially electronics items, including smartphones, computers, video games, lithium-ion batteries etc.

Light fixtures, seats, mattresses are exported from China to America in home decor and furniture. Talking about textile, sweaters, clothes and shoes reach the US market in large numbers from China. In other products, China also exports plastic items, motor vehicles parts, party decorations, medical equipment etc. Now the increase in tariffs will increase the price of these items in America.

What does China import from America?
China not only sells goods in the American market but also buys from them. China is the leading buyer of American agriculture product and industrial machinery. The main goods from the US to China include agriculture products, energy resources, industrial machinery, medicine, including scrap copper, esiclic hydrocarbon, ethylene polymer. If China reverses American exports in these areas, then American agriculture and tech companies may suffer a big loss.

Impact on trade
The trade deficit between the US and China in 2024 stood at $ 295.4 billion, which is 5.8% higher than in 2023. At the same time, exports from the US to China declined by 2.9%, while the import of Chinese goods increased by 2.8% in the US. It is clear from this data that China is also getting a shock due to the dispute, but the consumer is also being affected in America. If both countries do not back down, then this trade deficit can increase further, which can pose a threat to global economic instability.