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U.S. President Donald Trump signaled the possibility of a trade deal with China, despite escalating tensions over tariffs. Speaking aboard Air Force One on Wednesday, Trump said a new agreement with Beijing was "possible."
His remarks followed the recent imposition of 10% tariffs on all Chinese imports, a move that sparked swift retaliation from China. Trump also floated the idea of raising tariffs on lumber imports to 25%, a policy that could impact China, the second-largest supplier of wood to the U.S. after Canada.
At a Miami convention earlier the same day, Trump reaffirmed his commitment to a protectionist trade strategy, announcing that 25% duties on automobiles, pharmaceuticals, and semiconductors will take effect within the month.
Since taking office, the 47th U.S. President has aggressively pursued tariffs, using them as leverage in trade negotiations and even as a tool for border security policies. He has threatened steep duties on Canada and Mexico, linking them to stricter immigration control.
Trump has also criticized what he perceives as unfair trade practices among major U.S. trading partners and has hinted at implementing reciprocal tariffs in response.
His tariff-driven trade policies have heightened global economic uncertainty, impacting key industries and international relations. As trade tensions persist, the possibility of a new agreement between the U.S. and China remains uncertain.
