Trump digs in on high China tariffs ahead of trade talks

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Trump digs in on high China tariffs ahead of trade talks

President Donald Trump said Wednesday that he has no intention of reducing the effective tariff rate on China, as Beijing requested, to advance trade negotiations.China is facing the steepest tariff rate from Trump’s administration. While other countries were granted a 90-day reprieve from so-called reciprocal tariffs last month, excluding a baseline 10% flat rate, the president raised China’s tariff rate to 145%.In response, China placed a 125% tariff rate on American goods and has resisted overtures from the Trump administration to lower the temperature and negotiate a new bilateral trade deal.Trump faced multiple trade-focused questions during the Wednesday Oval Office ..