US President Donald Trump’s tariffs on China are unlikely to ease, despite ongoing talks towards a comprehensive deal targeted for November, according to two people familiar with the matter.
The US seems “very comfortable” with the current rate of tariffs, the sources said, adding that the recent negotiations have mostly revolved around “broader” issues like TikTok, subsidies and export controls since the Trump administration remains focused on collecting revenues to fix the fiscal deficit.
“President Trump is very comfortable with the current level of tariff … and Chinese imports is a big chunk” of the revenue source, one person familiar said. Another person noted that the US side was “happy” with the “status quo”.
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