Trump tariffs live updates: Trump says China’s Xi is ‘extremely hard to make a deal with’
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Trump tariffs live updates: Trump says China’s Xi is ‘extremely hard to make a deal with’
President Trump said it’s “extremely hard” to reach a deal with his Chinese counterpart Xi Jinping. The US-China detente has been looking more fragile amid both trade-related and other tensions. The White House has confirmed that the US had sent a letter to partners as a “friendly reminder” that Trump’s self-imposed 90-day pause on sweeping “reciprocal” tariffs is set to expire in early July. US trade talks with the EU have come back into focus as an early-July deadline looms for Trump’s 50% tariffs on imports from the bloc.
“I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!” Trump posted on Truth Social in the early hours of Wednesday.
The US-China detente — reached in mid-May in Geneva, when each country eased sky-high tariffs on the other — has been looking more fragile amid both trade-related and other tensions. Each side has accused the other of violating that truce.
Trump’s words for Xi come as the US is pushing countries to speed up trade talks. The White House has confirmed that the US had sent a letter to partners as a “friendly reminder” that Trump’s self-imposed 90-day pause on sweeping “reciprocal” tariffs is set to expire in early July.
White House advisers have for weeks promised trade deals in the “not-too-distant future,” with the only announced agreement so far coming with the United Kingdom.
But US tensions with China and the EU — two key trade partners — amped up after Trump promised last weekend to double tariffs on steel and aluminum from 25% to 50%. Those tariffs took effect Wednesday, June 4.
US trade talks with the EU have come back into focus as an early-July deadline looms for Trump’s 50% tariffs on imports from the bloc.
With US and EU negotiators, Jamieson Greer and Maroš Šefčovič, meeting in Paris today, all eyes are on whether a deal will be made.
Meanwhile, Trump’s most sweeping tariffs face legal uncertainty after a federal appeals court allowed the tariffs to temporarily stay in effect, a day after the US Court of International Trade blocked their implementation, deeming the method used to enact them “unlawful.”
Administration officials also hinted that court rulings would not be the final say. Yahoo Finance’s Ben Werschkul has an overview of the other maneuvers Trump could pursue.
Here are the latest updates as the policy reverberates around the world.
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