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President Donald Trump on Tuesday conceded that the 154 percent tax Americans currently pay for most imported goods from China will come down as a result of trade talks between Washington and Beijing.
Speaking in the Oval Office after a brief swearing-in ceremony for Securities and Exchange Commission Chair Paul Atkins, Trump said talks with China were “doing fine” because “everybody wants to have involvement” in American markets. He also claimed that both he and Chinese representatives would be “very nice” in any upcoming talks but maintained that Beijing would ultimately be forced to come to some sort of agreement to bring down the massive tariffs he has unilaterally imposed as part of his unprovoked trade war with China — and the rest of the world.
“Ultimately, they have to make a deal, because otherwise they're not going to be able to deal in the United States, and we want them involved, but they have to, and other countries have to make a deal, and if they don't make a deal, we'll set the deal,” he said.
“We're going to be setting the deal, and it'll be a fair deal for everybody and it'll be — I think it's a process that's going to go pretty quickly.”
Pressed on whether he’d ultimately drop the tariffs he’s imposed on Chinese imports, Trump replied: "It'll come down substantially. But it won't be zero."
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