White House Press Secretary Karoline Leavitt has emphasized that President Trump will not unilaterally lower the 145% tariffs on China during a press briefing. In addition, she stated that the potential 80% tariffs on China is just a number that Trump “threw out there,” referencing a Truth Social post made by the President this morning.
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Press Secretary Karoline Leavitt Holds Briefing
Furthermore, Leavitt said that the U.S. must see concessions from China in order to make progress on a trade deal. The two countries are set to begin talks this weekend in a highly anticipated meeting in Switzerland.
The S&P 500 is trading lower ahead of the event, erasing all of its morning gains.
