Tariff rate on China remains at 145%

White House press secretary Karoline Leavitt reported that US President Donald Trump was optimistic about securing a trade deal with China, despite the escalating trade war between the two economic giants that had been battering markets.

Key Takeaways

• Trump has made it clear he is open to a deal with China.
• Tariff rate on China remains 145% level.
• Treasury Secretary keeping very close eye on bond market.
• More than 15 trade offers already on table.
• Trump hopes deals will be made before 90 days are up.
• When 90-day mark hits, Trump will make decision.