All the President said was, “It won’t be that high, not going to be that high.”‘Ensure US trade policy serves the
Nation’s long-term interests’ is the reason for the tariffs on China, according to a statement released by the White House.
The statement went on to say: “President Trump launched his America First Trade Policy on Day One in an effort to revive the American economy. In an effort to level the playing field and safeguard American
National security, President Trump implemented a 10% tax on all countries on Liberation Day and customized reciprocal higher tariffs on those with which the United States has the biggest trade deficits.
“Over 75 nations have already contacted us to talk about potential new trade agreements. Therefore,
Aside from China’s retaliation, the individual increased tariffs are now on hold while these conversations are ongoing.
