Trump signals China initiated planned trade meeting

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WASHINGTON - US President Donald Trump on Wednesday suggested China initiated upcoming senior-level trade talks between the two countries and said he was not willing to cut US tariffs on Chinese goods to get Beijing to the negotiating table.

Jake Colvin, head of the National Foreign Trade Council, said the current tariffs were untenable and could cause huge damage to both economies if they persisted for months or years.“I would take it as a positive sign that they're talking, which appears to be the latest step in a series of de-escalatory moves," he said.

The impasse, compounded by Trump's decision last month to slap sweeping duties on dozens of other countries, has upended supply chains, roiled financial markets and stoked fears of a sharp downturn in global growth.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaGeorgiaSingaporeSwitzerlandUnited States

Topics: China World Tariffs Perdue President Talks Bessent House Trade Beijing Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-08 @ 08:59:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 852 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 28484945

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