President Donald Trump said Monday that the United States possesses “incredible cards” that could “destroy China” but that he has no intention of using them, insisting instead that Washington and Beijing are headed for “a great relationship.” The remarks were made in the Oval Office ahead of a bilateral meeting with South Korean President Lee Jae Myung. Trump added that he had recently spoken with Chinese President Xi Jinping and expects to travel to China “this year or shortly thereafter” for further talks. Trump’s comments come as the two governments try to build on a 90-day extension of their trade truce agreed on Aug. 12. The pause kept U.S. duties on most Chinese imports at 30 %, well below the 145 % peak imposed in April, while China maintains a 10 % levy on U.S. goods. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are due to resume negotiations before the truce expires on Nov. 10. Trump said higher tariffs—potentially as steep as 200 %—remain on the table if Beijing fails to meet U.S. demands, including greater access to rare-earth magnets.
US President Donald Trump said Monday (Aug 25) that he expects to visit China this year or shortly afterwards, noting that economic ties between the two countries have improved - even as he kept the door open to steeper tariffs. https://t.co/tCfCuToR6d
Donald Trump, via AFP: “At some point, probably during this year or shortly thereafter, we'll go to China…We're going to have a great relationship with China.” https://t.co/4i2ZRR7HFr
President Trump has said the US and China - the world’s two largest economies - "are going to have a great relationship," while warning that if he chose to, he could "destroy China". https://t.co/AO6wCE0YXv