A day after US President Donald Trump hinted at the prospect of a “substantial” reduction in tariffs on Beijing, China declared on Wednesday that the door remained “wide open” for trade discussions with Washington.
Trump also stated on Tuesday that he had no plans to fire US Federal Reserve Chair Jerome Powell, which provided additional comfort to international markets alarmed by his tough trade policies.
Since his return to the White House in January, Trump has increased taxes on several Chinese goods by 145%.
These include tariffs that were first put in place because of China’s purported involvement in the fentanyl supply chain and then because of actions that Washington considered unjust.
