Ahead of key China talks, Trump says 80% tariff seems right

Published: Friday, May 9, 2025 at 5:00 pm

Trump Floats 80% Tariff on China Ahead of Crucial Trade Talks

President Donald Trump has signaled a potential shift in his trade strategy with China, suggesting an 80% tariff on Chinese goods. This comes ahead of critical weekend talks in Geneva, Switzerland, aimed at de-escalating the ongoing trade war between the world's two largest economies. U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer are set to meet with Chinese economic tsar He Lifeng.

Trump's suggestion, made via social media, marks the first time he's proposed a specific alternative to the current 145% tariffs he's imposed. While significantly lower, an 80% tariff remains exceptionally high and its reception by China is uncertain, especially given the existing trade tensions. China has previously criticized the U.S.'s trade tactics, calling them "abusive" and "bullying." They have also retaliated with their own tariffs and export restrictions on vital resources like rare earth elements.

The talks in Geneva are seen as a crucial step towards resolving the trade dispute, which has already disrupted global supply chains and rattled financial markets. White House officials, including economic advisor Kevin Hassett, have expressed optimism about the meeting, highlighting "respect" and "collegiality" between the two sides.

The ongoing trade war has raised concerns about its impact on the U.S. economy. Critics fear that tariffs will increase prices for American consumers and businesses, potentially reigniting inflation and impacting job market demand. Trump's handling of trade has already led to declining approval ratings as Americans brace for higher prices on everyday goods.

BNN's Perspective: While a reduction in tariffs is a positive step, an 80% rate still presents significant challenges. Finding a balance that protects American interests while avoiding further economic damage is crucial. The success of these talks hinges on both sides demonstrating a willingness to compromise and address the underlying issues driving the trade dispute. A measured approach that considers the long-term economic implications is essential for both the U.S. and China.

Keywords: Trump, China, tariffs, trade war, Geneva talks, Scott Bessent, He Lifeng, trade dispute, 80% tariff, U.S. economy, inflation, global supply chains, trade negotiations, trade policy, Chinese goods, American consumers, economic impact, trade tensions, market volatility, import tariffs, export restrictions.

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