On Tuesday, President Donald Trump revealed that the heavy tariff rate on China will be significantly reduced after negotiating with Chinese President Xi Jinping, noting optimistic possibilities of a trade deal.
“145 percent is very high. It won’t be that high, it’s not going to be that high … it won’t be anywhere near that high,” Trump said during a presser in the Oval Office. “It will come down substantially, but it won’t be zero.”
“We’re going to be very nice. They’re going to be very nice, and we’ll see what happens. But ultimately, they have to make a deal, because otherwise they’re not going to be able to deal in the United States,” he continued.
“CHINA WAS TAKING US FOR A RIDE AND IT’S NOT GOING TO HAPPEN – WE ARE GOING TO BE VERY GOOD TO CHINA AND I THINK THEY ARE GOING TO BE HAPPY.” – @POTUS on a potential tariff deal with China. pic.twitter.com/ddFwNXxo8L
— Real America's Voice (RAV) (@RealAmVoice) April 22, 2025
“China was taking us for a ride, and it’s not going to happen. We’re going to be very good to China, have a great relationship with President Xi. But, they would make billions and billions and billions of dollars a year, and they would build their military out of the United States and what they made. So, that won’t happen,” Trump added. “But they’re going to do very well, and I think they’re going to be happy, and I think we’re going to live together very happily and ideally work together.”
On Tuesday, Treasury Secretary Scott Bessent also met with investors in Washington, during which he told them that he expects a “de-escalation” in the trade war between the United States and China.