Profit Progression X - Investing and Stock News
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Profit Progression X - Investing and Stock News
No Result
View All Result
Home Latest News

Trump says China’s Xi called him amid ongoing confusion over trade talks

by
April 25, 2025
in Latest News
0
Trump says China’s Xi called him amid ongoing confusion over trade talks
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

Did they or didn’t they?

President Donald Trump told reporters at the White House on Friday that he has spoken to Chinese President Xi Jinping ‘many times’ but did not say if any of those communications took place since he imposed stiff tariffs on the communist nation. 

Asked for details about those communications, Trump responded by saying ‘I’ll let you know at the appropriate time.’

Trump’s latest comments, which took place before he boarded Marine One to travel to Rome for Pope Francis’ funeral, come after days of back and forth between the countries over whether they are in direct talks about reducing the tariffs – and whether Trump and Xi have spoken directly to one another since the tariffs were rolled out. 

Trump’s tariffs on China, which have rattled global stock markets and upended supply chains, have ballooned to 145% while China has responded by slapping a 125% tariff on its U.S. imports. 

In a newly published TIME article published Friday morning, Trump is quoted as saying that Xi personally called him to discuss trade matters. 

‘. And I don’t think that’s a sign of weakness on his behalf,’ Trump is quoted as saying, without providing specifics about the timing or content of the call.

When asked what Xi said, Trump sidestepped his response by saying ‘We all want to make deals. But I am this giant store. It’s a giant, beautiful store, and everybody wants to go shopping there. And on behalf of the American people, I own the store, and I set prices, and I’ll say, if you want to shop here, this is what you have to pay.’

‘You have to understand, I’m dealing with all the companies, very friendly countries,’ he said, when asked about trade adviser Peter Navarro, saying 90 deals in 90 days is possible. ‘We’re meeting with China. We’re doing fine with everybody. But ultimately, I’ve made all the deals.’

The TIME interview took place on Tuesday, with Trump saying publicly on the same day that things were going ‘fine with China’ and that the final tariff rate on Chinese exports would come down ‘substantially’ from the current 145%.

Trump also told reporters earlier in the week that ‘everything’s active’ when asked if he was engaging with China, although his treasury secretary had said there were no formal negotiations.

Those comments led to Beijing on Thursday denying any suggestion that it was in active negotiations with the administration.

Guo Jiakun, a spokesperson for China’s Foreign Ministry, said during a daily briefing on Thursday that, ‘For all I know, China and the U.S. are not having any consultation or negotiation on tariffs, still less reaching a deal.’

‘China’s position is consistent, and we are open to consultations and dialogues, but any form of consultations and negotiations must be conducted on the basis of mutual respect and in an equal manner,’ Commerce Ministry spokesperson He Yadong said.

Asked Thursday about China denying there were any conversations ongoing with the United States, Trump said, ‘We may reveal it later, but they had meetings this morning, and we’ve been meeting with China,’ before adding, ‘it doesn’t matter who they is.’

Trump said Tuesday that the hefty tax rate of 145% Americans must currently pay for Chinese imports will likely be reduced significantly.  

While Trump said the rate ‘won’t be zero,’ he expressed optimism over a potential trade deal with China. 

‘One hundred forty-five percent is very high, and it won’t be that high,’ Trump said to reporters in the Oval Office. ‘It will come down substantially, but it won’t be zero.’ 

Fox News’ Greg Norman, Bonny Chu and Stephen Sorace contributed to this report.

This post appeared first on FOX NEWS
Previous Post

Hasbro forecasts as much as $300 million impact if China tariffs don’t come down

Next Post

Trump says he wasn’t ‘trolling’ about acquiring Greenland, Canada as 51st state

Next Post
Trump says he wasn’t ‘trolling’ about acquiring Greenland, Canada as 51st state

Trump says he wasn’t ‘trolling’ about acquiring Greenland, Canada as 51st state

  • Trending
  • Comments
  • Latest
Gold and Silver: Gold remains stable in the $2420 zone

Gold and Silver: Gold remains stable in the $2420 zone

March 20, 2025
Trump’s exaggerated claim that Pennsylvania has 500,000 fracking jobs

Trump’s exaggerated claim that Pennsylvania has 500,000 fracking jobs

October 24, 2024
100 days of injunctions, trials and ‘Teflon Don’: Trump second term meets its biggest tests in court

100 days of injunctions, trials and ‘Teflon Don’: Trump second term meets its biggest tests in court

April 29, 2025
Wrong-way driver passes Harris motorcade on Milwaukee highway

Wrong-way driver passes Harris motorcade on Milwaukee highway

October 23, 2024
How UnitedHealthcare became the face of America’s health insurance frustrations

How UnitedHealthcare became the face of America’s health insurance frustrations

0
Kamala Harris’s narrow opening with GOP-leaning voters

Kamala Harris’s narrow opening with GOP-leaning voters

0
Obama rallies with Walz in Wisconsin: ‘America is ready to turn the page’

Obama rallies with Walz in Wisconsin: ‘America is ready to turn the page’

0
Georgia Supreme Court declines to reinstate Trump-allied board’s election rules

Georgia Supreme Court declines to reinstate Trump-allied board’s election rules

0
How UnitedHealthcare became the face of America’s health insurance frustrations

How UnitedHealthcare became the face of America’s health insurance frustrations

May 22, 2025
White House shuts down reporter’s ‘ridiculous’ challenge of White South African farmer deaths

White House shuts down reporter’s ‘ridiculous’ challenge of White South African farmer deaths

May 22, 2025
Antisemitic shooting of Israeli diplomats adds to alarming rise in domestic terrorism

Antisemitic shooting of Israeli diplomats adds to alarming rise in domestic terrorism

May 22, 2025
Trump has not directed administration to declassify Biden documents on health ‘cover-up’

Trump has not directed administration to declassify Biden documents on health ‘cover-up’

May 22, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    How UnitedHealthcare became the face of America’s health insurance frustrations

    How UnitedHealthcare became the face of America’s health insurance frustrations

    May 22, 2025
    White House shuts down reporter’s ‘ridiculous’ challenge of White South African farmer deaths

    White House shuts down reporter’s ‘ridiculous’ challenge of White South African farmer deaths

    May 22, 2025
    Antisemitic shooting of Israeli diplomats adds to alarming rise in domestic terrorism

    Antisemitic shooting of Israeli diplomats adds to alarming rise in domestic terrorism

    May 22, 2025
    Trump has not directed administration to declassify Biden documents on health ‘cover-up’

    Trump has not directed administration to declassify Biden documents on health ‘cover-up’

    May 22, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Profitprogressionx.com All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Profitprogressionx.com All Rights Reserved.