President Donald Trump confirmed that tariffs on Chinese goods will not be lifted. This comes as markets await updates on potential trade talks between the United States and China. Trump’s statement reinforces his administration’s long-standing position on trade policy.
No Change in US Tariffs on Chinese Goods
Speaking during a media session, President Trump said there would be no easing of existing tariffs. His administration will maintain duties on Chinese imports, which include a base tariff of 20% and an additional 125% on specific items.
Data from Zerohedge revealed that these tariffs have been in effect under Section 232. The combined tariff burden reaches up to 145% on many goods. These measures aim to protect American manufacturing and pressure China on trade policy.
One user on X commented that these high tariffs are meant to push China into a weaker negotiating stance. The statement has added weight to speculation that the trade war may continue without major concessions.
President Trump has repeatedly defended this approach. He claims the current trade imbalance with China has caused losses for U.S. manufacturers and jobs. Despite calls for flexibility from business groups and economists, the administration continues to hold firm.
Trade Talks to Begin Despite Tariff Pressure
Despite strong tariff enforcement, both countries are preparing for new trade discussions. According to a report, U.S. officials have contacted their Chinese counterparts through diplomatic channels.
China’s Ministry of Commerce confirmed that it is reviewing recent outreach efforts. The goal is to assess the possibility of resuming talks. These statements come after a long pause in direct trade negotiations.
U.S. Treasury Secretary Scott Bessent confirmed before the House Financial Services Committee that talks will start on May 10. The meeting will take place in Switzerland.
He explained that the discussions will focus on reopening trade communications. These will not be formal negotiations. However, they represent an important step toward improving economic ties.
India and Malaysia Seek Tariff Concessions
While Trump rejected changes to tariffs, some countries have proposed mutual trade relief. India is now seeking a zero-tariff agreement on goods like pharmaceuticals, auto parts, and steel.
India’s government insists that the U.S. must offer similar trade terms. This would allow new agreements to move forward. Malaysia has also made a similar proposal.
However, Malaysia has lowered its economic forecast due to current trade pressures. Other countries in Asia are watching the talks closely. They are hoping to avoid further disruptions to regional supply chains.
Reports show that both India and Malaysia are pursuing trade talks to reduce barriers. However, the United States has not responded officially to either proposal.
Tariffs Remain Central in US-China Trade War
Thus, as for now, the U.S. policy remains interested in maintaining tariffs in place. Pundits opine that the fight is meant to use tariffs as bargaining chips when negotiating deals in the future.
Now, the focus returned to the diplomatic front and the tariff negotiations are set to start on May 10. In the meantime, the structures that the tariff is based will most likely not change.
Those who are involved with numerous investments, production, and international trading platforms also follow current changes. The implications of these discussions may affect trade relations and supply management in the future.
