US President Donald Trump has indicated that he can reduce the tariffs imposed on China. He admitted that the current tariff rates are so high that the world’s two largest economies have stopped trading with each other. Trump said in an NBC show that I will reduce the tax on China at any time, because if this is not done then it will not be possible to trade with them and they want to do business. Trump indicated that China’s economy is in trouble at the moment. The work in factories there is in the worst condition since 2023. Export orders have also fallen significantly. Under his America First policy, Trump imposed a 10% tariff on all countries selling goods to America, but increased the tariff on China to 145% on April 20. In return, China also imposed a tariff of up to 125% on American goods. Trump said – I will not initiate the talks In an interview on Sunday, Trump admitted that tariffs have affected China, factories are shutting down and unemployment has risen significantly, but he clearly said that he will not take the initiative to start the talks. Anchor Kristen Welker asked, are you going to remove tariffs to start talks with China? To this, Trump replied, why should I do that? Trump also said that some good signals have been received from Beijing recently, but he reiterated that any deal between the US and China will happen only if it is on equal terms. China also indicated being ready for talks Meanwhile, China indicated for the first time on Friday that it is ready for talks with the US. It is exploring the possibility of a trade deal with the US. A spokesperson for China’s Commerce Ministry said that China is considering the US’ offer of trade talks, but talks will begin only when Trump removes the tariffs imposed unilaterally. Tariff war harms both US and China The escalating trade war between the US and China has shaken financial markets and threatens to increase the prices of manufacturing equipment as well as cheap items like clothes and toys, on which many Americans depend. At the same time, according to a Bloomberg report, operations in Chinese factories are in the worst condition since 2023. Export orders have also fallen significantly. This decline is the highest since December 2022. Earlier this happened in April 2022 when Shanghai went into complete lockdown. China refuses to take delivery of new planes from Boeing amid trade war Last month, China ordered its airlines not to take delivery of new planes from American aircraft manufacturer Boeing. According to a Bloomberg report, Beijing has also ordered to stop the purchase of aircraft parts and devices made in the US. China issued this order in response to America’s 145% tariff. Boeing Airplane is an American company that manufactures airplanes, rockets, satellites, telecommunications equipment and missiles. The company was founded on 15 July 1916 by William Boeing. Airlines of many countries use planes made by Boeing. Boeing is America’s largest exporter company and it is also the third largest defense deal company in the world. China also stopped the supply of precious metals. China has also banned the export of 7 precious metals (rare earth materials) amid this trade war. China has also stopped the shipment of magnets required to assemble cars, drones, robots and missiles at Chinese ports. These materials are very important for automobile, semiconductor and aerospace business. This decision will affect companies manufacturing motor vehicles, aircraft, semiconductors and weapons around the world. These will become expensive. On April 4, China had issued an order to ban the export of these 7 precious metals. According to the order, these precious metals and special magnets made from them can be sent out of China only with a special permit. Read the full news here…
