Trump Claims High Demand from World Leaders to Lower Tariffs
Many world leaders and entrepreneurs are urging the United States to reduce tariffs, according to US President Donald Trump. In a post on the Truth Social network, Trump shared that since announcing Liberation Day, he has been approached by various leaders and executives seeking relief from tariffs in order to “right the wrongs.”
Trump expressed his commitment to rebuilding wealth and creating true reciprocity in trade relations with other countries. On April 2, the president announced the imposition of tariffs on products from 185 countries and territories, with universal tariffs of 10% taking effect on April 5.
However, on April 9, Trump temporarily suspended individual import duties on some countries and territories for 90 days to allow for trade negotiations. During this period, a universal tariff of 10% will remain in effect. Notably, the US President also raised tariffs on Chinese products to 125%, bringing the total duty on goods from China to 145% when factoring in previous tariffs imposed.
It remains to be seen how these trade negotiations and tariff adjustments will impact international commerce and relations in the coming months.
