U.S. Tariffs on China Firmly Set After London Trade Discussions
Commerce Secretary Howard Lutnick has reinforced that the current tariffs imposed by the U.S. on Chinese imports will remain unchanged moving forward, despite ongoing trade negotiations between the two global economic giants.
Clear Message on Tariffs Stability
During an interview, Lutnick emphatically confirmed that Americans can rest assured the U.S. tariff rates on China will not fluctuate beyond their present levels. When asked if the tariffs would hold steady, he responded simply, “You can definitely say that.” This stance brings a sense of certainty amid an otherwise fluid trade environment.
President’s Statement and Clarification
Earlier the same day, President Donald Trump tweeted that U.S. duties on China would total 55%. However, a White House official clarified that this figure isn’t new but rather an aggregate: a 30% general tariff on Chinese goods combined with a 25% targeted tariff on select products already in effect. This nuanced breakdown underscores that the announced tariff levels do not reflect a new policy shift.
Trade Talks Mark Progress But Await Final Approval
The tariff declarations followed high-level trade discussions held in London between U.S. and Chinese officials. President Trump characterized the deal as “done,” yet emphasized it remains subject to his and President Xi Jinping’s final approval. Notably, China’s tariffs on U.S. products have held steady at 10% since both sides agreed on a temporary truce last month to reduce retaliatory measures.
Key Outcomes from London Negotiations
- The 90-day tariff reprieve agreed upon in Geneva remains in place, providing breathing room to resolve tougher issues.
- Critical sticking points such as the trade of rare earth minerals are still on the table.
- President Trump highlighted that China will supply any necessary rare earth magnets upfront, signaling cooperation on strategic resources.
- Both leaders intend to collaborate closely to enhance American trade access into China’s markets.
Looking Ahead
While the path ahead still requires formal endorsement and further dialogue, the latest developments suggest a cautious but tangible thaw in the U.S.-China trade standoff. Maintaining fixed tariff levels could help stabilize markets and provide a platform for deeper economic engagement.
Stay tuned for updates as this story develops.
