Trump signaled a potential end to the tit-for-tat tariff hikes between the U.S. and China that shocked markets.
A 3D-printed miniature model depicting Trump, Chinese flag and word “Tariffs” in this illustration taken, April 17, 2025. REUTERSpix.: U.S. President Donald Trump on Thursday signaled a potential end to the tit-for-tat tariff hikes between the U.S. and China that shocked markets, and that a deal over the fate of social media platform TikTok may have to wait.
Trump's comments further pointed to a diminished appetite for sharply higher across-the-board tariffs on dozens of countries after markets reacted violently to their introduction on April 2. Trump said China had been in touch since the imposition of tariffs and expressed optimism that they could reach a deal.
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