However, only a few weeks after intensifying his trade war, the 78-year-old president now seems to be changing direction.
Trump shared a message highlighting a fresh figure on this Truth Social platform on May 9.
“I think an 80 percent tariff on China is appropriate! In reference to his Treasury Secretary, Scott Bessent, he said, “Up to Scott B.” He said in a follow-up message: “It would be extremely beneficial for China to expand its market to the United States. CLOSED MARKETS NO LONGER WORK!
Given that senior U.S. officials are getting ready to meet with a high-level Chinese team this weekend, the abrupt retreat begs the question of what the administration will do next.
Bessent and U.S. Trade Representative Jamieson Greer are scheduled to attend the discussions, CNN reports.
