Friday, 18 July 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
US trade chief to speak with Chinese counterpart as tariff rift widens
Saturday, 22 March 2025 06:11 WIB | ECONOMY |Amerikachina

Donald Trump's top trade chief, Jamieson Greer, plans to speak with his Chinese counterpart next week, the U.S. president said on Friday amid an escalating tariff war.

Talks between the world's biggest economies would occur just days before the long-threatened April 2 unveiling of fresh U.S. tariffs on every country that taxes U.S. imports, potentially including new steps against China.

Trump did not say what he hoped the next set of U.S.-China talks would achieve, or whether they might lead to a roll-back of levies on Chinese imports.

Trump has imposed 20% levies on all imports from China since taking office in January.

He reiterated that his goal was to end the shipment of Chinese chemicals used to synthesize illegal fentanyl through Mexico, a goal that may require more law enforcement cooperation between the nations.

He also said that he wants to narrow the U.S. trade deficit with its main economic rival.

The Republican president also said that he plans to speak with Chinese President Xi Jinping, but did not say when.

China has not commented on the possibility of a Trump-Xi meeting. Beijing has rejected Trump's trade measures as counterproductive and unwarranted, and has imposed limited retaliatory duties of 10% on imports of American oil, liquefied natural gas and farm equipment. It has also touted its efforts on counter-narcotics.
"Yes," Trump said in response to a reporter's question in the White House's Oval Office about whether a potential meeting involving his trade chief was in the works.
"I'll be speaking to President Xi. I have a great relationship with him. We're gonna have a very good relationship, but we have a trillion-dollar deficit," Trump said.

It was not immediately clear which Chinese official would join the talks with Greer.

Greer's office has proposed port fees of up to $1.5 million every time a Chinese ship docks in the U.S. as part of a trade probe into China's domination of global shipbuilding and maritime logistics services.

The Chinese embassy in Washington and the United States Trade Representative's office did not respond to a request for comment.

Source: Investing.com

RELATED NEWS
Powell responds to White House on Fed headquarters renovation...
Friday, 18 July 2025 05:01 WIB

Federal Reserve Chair Jerome Powell on Thursday responded to a Trump administration official's demands for information about cost overruns for a renovation project at the central bank's Washington hea...

US set to impose 93.5% tariff on graphite from China...
Friday, 18 July 2025 01:36 WIB

The United States Commerce Department is set to impose preliminary anti-dumping duties of 93.5% on graphite imported from China after concluding the materials, which are a key component for batteries,...

Russia says Trump's new weapons pledge a signal for Ukraine to abandon peace efforts...
Thursday, 17 July 2025 23:44 WIB

U.S. President Donald Trump's decision to ramp up arms shipments to Ukraine is a signal to Kyiv to abandon peace efforts, Russia said on Thursday, vowing it would not accept the "blackmail" of Washing...

Fed's Kugler: Holding Interest Rates Steady For 'Some Time' Is Appropriate ...
Thursday, 17 July 2025 20:22 WIB

Federal Reserve Governor Adriana Kugler said the US central bank should keep interest rates steady "for some time," citing accelerating inflation as tariffs begin to push up prices. "Given the stabil...

US Weekly Jobless Claims Fall 7,000 to 221,000; Estimated 233,000 ...
Thursday, 17 July 2025 20:13 WIB

Unemployment claims fell 7,000 to 221,000 in the week ending July 12, compared with the median estimate of 233,000, according to Labor Department data. The estimated range was 220,000-240,000 accordi...

LATEST NEWS
Gold Steady as Traders Weigh US Economy, Rate Cut Directions

Gold steadied and was set for a moderate weekly loss as investors assessed the outlook for Federal Reserve rate cuts after resilient US jobs and retail data eased concerns about the economy. Bullion traded below $3,340 an ounce, heading for a 0.5%...

USD/CHF tumbles to below 0.8050 on tariff uncertainty

The USD/CHF pair tumbles to around 0.8030 during the early European session on Friday. Persistent trade tensions and Federal Reserve (Fed) policy uncertainty boost the safe-haven demand, supporting the Swiss Franc (CHF). The preliminary reading of...

Oil Climbs Again as Traders Weigh Signals of Near-Term Tightness

Oil headed for a back-to-back daily gain after US data showed the world's largest economy holding up despite the fallout from the Washington-led trade war, while market metrics pointed to near-term tightness. Global benchmark Brent rose toward $70...

POPULAR NEWS
US consumer prices rise in June as tariff pass-through begins
Wednesday, 16 July 2025 01:35 WIB

U.S. consumer prices increased by the most in five months in June amid higher costs for some goods, suggesting tariffs were starting to have an...

European stocks erased early gains
Wednesday, 16 July 2025 01:49 WIB

European stocks erased early gains and closed mostly lower on Tuesday as markets continued to assess how potential tariffs from the US may hurt...

Fed's Logan says her base case calls for holding rates steady a while longer
Wednesday, 16 July 2025 07:43 WIB

The U.S. central bank will probably need to leave interest rates where they are for a while longer to ensure inflation stays low in the face of...

Investors seek protection from risk of Fed chief's ouster
Tuesday, 15 July 2025 23:28 WIB

President Donald Trump's renewed calls for Federal Reserve Chair Jerome Powell's resignation have prompted investors to protect portfolios against...