President Trump Proposes 80% Tariff on Chinese Imports

In a bold move ahead of crucial negotiations in Switzerland, President Donald Trump has suggested that an 80% tariff on Chinese goods “seems right.” This statement comes as the U.S. currently enforces a staggering 145% tariff on most imports from China. The proposed reduction, while still significant, marks a potential shift in the ongoing trade tensions between the two superpowers.

President Trump shared his thoughts on the matter via Truth Social, stating, “80% Tariff on China seems right! Up to Scott B.” This reference was directed at Treasury Secretary Scott Bessent, who, along with U.S. Trade Representative Jamieson Greer, is scheduled to meet with Chinese trade officials in Geneva.

Background on U.S. Tariff Policies

Earlier this April, President Trump announced a universal 10% tariff on all imports, with higher tariffs imposed on nations that have a significant trade surplus with the U.S. but do not reciprocate in purchasing U.S. goods. These increased tariffs are temporarily paused during a 90-day negotiation period, except for China, where tariffs on both sides exceed 100%.

The ongoing trade war has begun to impact global commerce, notably slowing down trans-Pacific shipping. Additionally, factory output in China has decreased, and American consumers might face higher prices or reduced availability of products if these tariff costs are transferred to retail prices.

Trump’s Call for Open Chinese Markets

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President Trump has been vocal about the need for China to open its markets to U.S. products. In a passionate online post, he declared, “CHINA SHOULD OPEN UP ITS MARKET TO USA — WOULD BE SO GOOD FOR THEM!!! CLOSED MARKETS DON’T WORK ANYMORE!!!” This statement underscores his frustration with global trade imbalances, where countries benefit from the affluent U.S. market without adequately purchasing from American manufacturers.

According to the U.S. Trade Representative, the trade deficit with China was notably high in 2024, with the U.S. exporting $143.5 billion in goods to China and importing $438.9 billion, resulting in a deficit of $295.4 billion.

Progress in Other Trade Negotiations

Despite the challenges with China, the Trump administration has seen success in other trade areas. A recent agreement in principle with the U.K. maintains a 10% tariff on British goods but reduces tariffs on specific products like autos, steel, and aluminum. This deal also enhances access for American farmers to the British market and allows U.K. companies to supply essential components to major U.S. firms such as Boeing.

The ongoing negotiations with China represent a critical test for President Trump’s trade strategy, aiming to balance aggressive tariff policies with the goal of opening foreign markets to U.S. producers and achieving fair trade relations.