Trump signals China 'very much' interested in securing trade deal ahead of Switzerland negotiations

08.05.2025    Fox News    6 views
Trump signals China 'very much' interested in securing trade deal ahead of Switzerland negotiations

China is eager to hash out a business deal with the U S according to President Donald Trump Trump s remarks come as Treasury Secretary Scott Bessent is poised to launch commerce negotiations with China in Switzerland Saturday amid a steep tariff battle between Washington and Beijing Scott's going to be going to Switzerland meeting with China Trump informed reporters Thursday at the White House And you know they very much want to make a deal We can all play games Who made the first call who didn't make them It doesn't matter Only matters what happens in that room But I will tell you that China very much wants to make a deal We'll see how that works out Trump communicated reporters on Air Force One Sunday he wants a fair pact deal with China claiming discussions with Beijing were in the works on multiple issues Trump has voiced patronage for tariffs for decades The White House has called for tariffs to address the nation s record trillion exchange deficit and disclosed the tariffs will bring back U S manufacturing jobs Bessent cautioned in April that the tariffs could cost China up to million jobs and declared that it s incumbent upon Beijing to remove current tariffs on U S imports I think that over time we will see that the Chinese tariffs are unsustainable for China I've seen specific very large numbers over the past meager days that show if these numbers stay on Chinese could lose million jobs very rapidly Bessent stated reporters at the White House April And even if there is a drop in the tariffs that they could lose million jobs So remember that we are the deficit country Bessent revealed They sell almost five times more goods to us than we sell to them So the onus will be on them to take off these tariffs They're unsustainable for them Bessent also explained lawmakers Tuesday that the U S has launched discussions with various countries and indicated that major agreement deals could be publicized as early as this week This is a latest news story and will be updated

Similar News

GOP senators: Congress should vote on Trump's potential Iran nuclear deal
GOP senators: Congress should vote on Trump's potential Iran nuclear deal

A pair of hawkish, Trump-supporting Senate Republicans say that any "lasting" Iran nuclear deal woul...

08.05.2025 0
Read More
Kendrick Lamar enters BET Awards with a leading 10 nominations for the ceremony’s 25th anniversary
Kendrick Lamar enters BET Awards with a leading 10 nominations for the ceremony’s 25th anniversary

By JONATHAN LANDRUM Jr., AP Entertainment Writer LOS ANGELES (AP) — Kendrick Lamar extends his domin...

08.05.2025 0
Read More
475 wildfires reported in Minnesota since April 1
475 wildfires reported in Minnesota since April 1

The mercury is rising, and so is the risk of wildfires. The Minnesota DNR says there have been 475 w...

08.05.2025 0
Read More