JAKARTA The President of the United States, Donald Trump, on Thursday 17 April gave a signal of the possible end of the tariff war between the US and China that has been shaking the global market. Meanwhile, the agreement on the future of the TikTok social media platform also seems to have to wait.
"I don't want the rate to continue to rise, because at some point people won't want to buy," Trump told reporters at the White House, referring to the tariff policy on imported products.
Trump added, "So, I probably don't want to increase the rate even higher or even reach a predetermined level. Maybe I might even want to lower it, because you want people to keep buying, and if it's too expensive, people won't buy it."
This statement reinforces indications that his government is starting to lose taste to continue to push high rates comprehensively against dozens of countries, especially after the market showed a negative reaction to the announcement of tariffs on April 2.
The Republican president had previously imposed a tariff of 10% on most imported goods to the US, but postponed higher tariffs pending the outcome of negotiations.
Even so, he continued to increase tariffs on goods from China, which now totals 145%, after Beijing retaliated with similar policies. However, China later stated that it would no longer respond with "war numbers" about tariffs, as a sign that further escalation would not occur.
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Trump revealed that China has been contacting the US government since the tariff policy was implemented, and he expressed optimism that an agreement could be reached. However, a number of sources have stated that high-level communication between the two countries is still minimal and has not led to serious negotiations.
When asked about the contents of the conversation with China or whether President Xi Jinping was directly involved, Trump was reluctant to provide details.
Trump is also known to have several times extended the legal deadline for Chinese company ByteDance to release TikTok assets in the United States. On Thursday, he stated that deals related to TikTok would most likely be postponed until trade issues with China were resolved.
"We have an agreement for TikTok, but it depends on China, so we will postpone it until everything is clear, whether it works or not," Trump said.
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