by CNBC is reporting that President Trump may be getting ready to back down on the high tariffs he has on China:
Trump late Tuesday said that the current 145% tariff on Chinese imports is “very high, and it won’t be that high. … No, it won’t be anywhere near that high. It’ll come down substantially. But it won’t be zero.” The president’s softer tone towards China, despite no formal talks, was in stark contrast to his more combative rhetoric earlier in April.
Source: CNBC Daily Open: Trump blinks first in trade war he started
If true, he either has a good deal in the offing, or no one understands why he is doing tariffs in the first place. I wish he had one goal that he was articulating consistently, but he seems to enjoy keeping people guessing to get to the outcome that he wants.
