US President Donald Trump on Thursday said that China initiated contact regarding trade talks after the US imposed tariffs.
Trump added he would delay a deal on TikTok until the trade issue with China is worked out. He told reporters US tariffs on Chinese goods might not go higher and may even go lower, reports Reuters.
Earlier on Thursday, China’s commerce ministry urged the United States to stop putting “extreme pressure” on the world’s second-largest economy and demanded respect in any trade talks. The Trump administration has been ramping up pressure on China by raising import tariffs on Chinese goods in recent months. On Tuesday, the White House published a fact sheet stating that China now faces up to a 245% tariff.
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