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Trump Rules Out Cutting China Tariffs Before Trade Talks
Hindustan Times Noida
|May 09, 2025
President Donald Trump said he's unwilling to pre-emptively lower tariffs on China in order to unlock more substantive negotiations with Beijing on trade.
Reuters letters@hindustantimes.com LONDON/WASHINGTON: US President Donald Trump and British Prime Minister Keir Starmer on Thursday announced a "breakthrough deal" on trade that leaves in place a 10% tariff on goods imported from the UK while Britain agreed to lower its tariffs to 1.8% from 5.1% and provide greater access to U.S. goods.
The agreement announced by Trump from the Oval Office marked the first since Trump triggered a global trade war with a barrage of levies on trading partners following his return to the White House in January.
"It opens up a tremendous market for us," Trump said.
"This is a really fantastic, historic day," Starmer said by teleconference.
The United States has been under pressure from investors to strike deals to de-escalate its tariff war after Trump's often chaotic policymaking upended global trade with friends and foe alike, threatening to stoke inflation and start a recession.
This story is from the May 09, 2025 edition of Hindustan Times Noida.
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