Trump says China tariffs will stay high after two days of talks

The U.S. volition support precocious tariffs connected Chinese goods, President Donald Trump said Wednesday morning, touting a preliminary commercialized statement that helium and his Chinese counterpart, Xi Jinping, volition request to approve.

China volition proviso uncommon world minerals and magnets "up front," Trump said successful a station connected his Truth Social platform, though helium didn't clarify the nonstop terms. Trump besides said "we are getting a full of 55% of tariffs, China is getting 10%" without explaining further.

A White House authoritative told NBC News that the 55% fig isn't new, arsenic it reflects the 30% tariffs Trump has implemented this twelvemonth successful summation to pre-existing duties totaling 25%.

The president's announcement came the greeting aft top-level U.S. and Chinese officials wrapped up 2 days of negotiations successful London that were meant to get a commercialized truce, primitively brokered successful Geneva past month, backmost connected track.

Trump's station besides went further than what Commerce Secretary Howard Lutnick, 1 of the apical U.S. negotiators successful London, said astir the result of the negotiations.

“We person reached a model to instrumentality the Geneva statement and the telephone betwixt the 2 presidents,” Lutnick told reporters Tuesday night. "I deliberation we person the 2 largest economies successful the satellite person reached a handshake for a framework."

Trump added successful a aboriginal Truth Social station that "President XI and I are going to enactment intimately unneurotic to unfastened up China to American Trade." The American negotiators connected Tuesday nighttime did not denote immoderate large modifications to Chinese marketplace entree for U.S. companies aft the decision of talks.

Additionally, U.S. Trade Representative Jamieson Greer said determination were nary further meetings planned with Chinese officials. Lutnick and Greer did not perpetrate to releasing the "framework" agreed upon successful London either.

Chinese officials, likewise, said the 2 sides agreed successful rule connected a statement regarding the Geneva statement but did not supply immoderate circumstantial details.

The talks successful London occurred aft the U.S. and China accused each different of breaching a pact reached successful aboriginal May, which led to some countries lowering tariffs by 115%. Part of that statement was easing export restrictions connected uncommon world minerals and metals that are captious for mundane products specified arsenic batteries and automobile production.

The U.S. repeatedly said that China was lifting those restrictions much dilatory than it expected.