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.
Source: https://www.fxstreet.com/news/white-house-tariff-rate-on-china-remains-at-145-202504111749
