Industry new
Trump said that the tariffs on China will not return to 145%, otherwise it would be a real "decoupling
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On local time May 12, U.S. President Trump stated at the White House that the Geneva talks had achieved a comprehensive restart of U.S.-China bilateral relations¹. In response to questions about tariffs, he said that even if the United States fails to reach a long-term agreement with China within 90 days, the U.S. tariffs on China will not return to the 145% level, because a 145% tariff would essentially mean "decoupling"¹.
Trump also noted that the current U.S.-China relations are very good, and both sides are advancing communication and exchanges on other matters¹. However, he emphasized that if no agreement is reached after 90 days, tariffs will rise significantly¹.
Previously, U.S. tariffs on China once reached as high as 245%, and such extreme measures have already caused severe backlash to the U.S. economy itself¹. American businesses and consumers can no longer bear the impact of "reciprocal tariffs"². Some analyses suggest that U.S.-China economic and trade relations are deeply intertwined. In this system, whether to address the current imbalance in U.S.-China trade or to achieve the return of U.S. manufacturing, what the U.S. should do is cooperate with China rather than use the "tariff stick" to exert extreme pressure on China².
According to the Joint Statement on the U.S.-China Economic and Trade Talks in Geneva released by both sides, the two parties have reached a "phased tariff reduction" plan: the United States will reduce tariffs on China from 145% to 30% (including a 10% base tariff and 20% fentanyl-related tariff), while China will synchronously reduce tariffs on the United States from 125% to 10% and suspend non-tariff countermeasures³.
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JIALI FASTENER