U.S. President Donald Trump expressed optimism over renewed trade talks with China, set to take place in Switzerland over the weekend. Trump suggested punitive U.S. tariffs on Chinese goods, currently at 145%, could be lowered if the discussions go well.
This is despite the previous connotation of him not wanting to lower down tariffs placed towards China, and increased the rates after China’s retaliation. Last month, the stock market plummeted in lieu of this.
The meeting will involve top trade officials from both nations, including U.S. Treasury Secretary Scott Bessent and China’s economic tsar He Lifeng. Trump described the talks as “substantive” and “friendly,” signaling a shift in tone after months of tension. He reiterated his desire for China to open its economy and said he may speak with President Xi Jinping afterward.
Trump says China’s 145% tariffs might reduce
Social media users voiced their confusion over the situation, with some arguing that removing the tariffs entirely would be the wiser choice. Others pointed out that just yesterday, he firmly stated that no tariffs on China would be lifted.
X users accuse Trump of market manipulation
Additionally, X users say that the President is urging people to buy stocks now, and they speculate that the tariffs with China may possibly be removed. Additionally, an X user is accusing Trump of “gaming the market for himself and his friends.” She adds that this is interfering with the lives of innocent people.
Following that, the market appears to be rallying at this moment right after he was informed that it would be the right time to buy stocks. Bitcoin reached $100,000 (RM431,000).
Follow us on:
Read More News at #latestmalaysia #BusinessNews and #WorldFuture
