Trump LIVE: Stuns Room With China Remarks After Swearing In SEC Chief | Xi Jinping | Trump Tariffs
April 24, 2025
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6:23:28Now PlayingTrump LIVE: Stuns Room With China Remarks After Swearing In SEC Chief | Xi Jinping | Trump Tariffs
YouTube Description
as posted by the channelWatch LIVE as President Trump signals a major shift in his trade war strategy, announcing plans to “substantially” reduce tariffs on Chinese imports from their current 145% level. Speaking after swearing in SEC Chairman Paul Atkins, Trump stated he plans to be “very nice” to China in upcoming negotiations while maintaining that Beijing “must make a deal” to access US markets. This apparent softening follows Treasury Secretary Scott Bessent’s comments that the current tariff situation is “unsustainable” and resembles a “trade embargo.” The Wall Street Journal reports the administration is considering cutting tariffs to between 50-65%, though higher rates may remain on strategic goods. Markets responded enthusiastically, with the S&P 500 jumping 3.3% on hopes of trade war de-escalation.
#Trump #TrumpTariffs #China #TradeWar #MarketRally #XiJinping #TariffReduction #StockMarket #Bitcoin #Crypto #USA #USnews
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