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President Donald Trump has expressed openness to negotiating a new trade deal with China, as tensions between the two global powers continue to escalate.
The White House confirmed this stance, with Press Secretary Karoline Leavitt emphasizing the President’s readiness to engage in discussions aimed at resolving the ongoing trade issues.
This comes after both countries raised tariffs significantly. On April 9, the U.S. increased tariffs on Chinese imports to 145%, citing concerns over trade imbalances and intellectual property theft. In response, China retaliated by hiking tariffs on U.S. goods from 84% to 125%, condemning the move as unjust and harmful to international trade.
The back-and-forth tariff increases have caused significant ripples in global markets. While this volatility has stirred concerns, there has been a notable rebound in U.S.
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stocks, with the Dow Jones Industrial Average surging by over 600 points, a sharp recovery following the tariff announcements.
Despite the tense atmosphere, both Washington and Beijing have shown a willingness to discuss ways to de-escalate the trade war. President Trump, in particular, has signaled that he is looking for a comprehensive agreement, addressing trade deficits and intellectual property issues.
However, many analysts remain cautious, noting the deep differences between the two nations and the difficulties involved in striking a meaningful deal.
