Trump Signals Pause on Tariff Hikes Amid Trade Talks with China
President Donald Trump hinted Thursday that the U.S. might hold off on further tariff increases amid ongoing trade talks with China. “At a certain point, people aren’t gonna buy,” Trump said, acknowledging the potential impact of higher tariffs on consumers.
The U.S. has already imposed a 10% tariff on most imports, with higher levies postponed for negotiations. Trump also mentioned that a deal over TikTok’s U.S. assets will likely be delayed until the trade issue is resolved.
The two countries continue to engage in talks, but high-level discussions remain limited.