Trump Says Exceptions to 10% Baseline Tariffs Possible
May 12, 2025
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0:19Now PlayingTrump Says Exceptions to 10% Baseline Tariffs Possible
YouTube Description
as posted by the channelThe future of one of the world’s biggest trading relationships hangs in the balance after US President Donald Trump escalated the tariff war with China by imposing steep duties on imports from the country.
Almost $700 billion of goods are now exchanged between the two nations each year. In an effort to preserve some of that relationship, US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are due to begin negotiations with Chinese officials, led by Vice Premier He Lifeng, in Switzerland on May 10. They are the first confirmed trade talks between the two superpowers since the latest tariffs went into effect.
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