Trump: If China and the United States fail to reach a long-term trade agreement, tariffs will rise sharply
Online reports, according to CNBC, U.S. President Trump said on Monday morning that even if a long-term agreement cannot be reached after the 90-day suspension period expires, tariffs on China will not return to 145%, but will rise sharply. Previously, China and the United States reached a provisional trade agreement, and the two sides will significantly reduce tariffs. The United States will reduce tariffs on China from 145% to 30%, and China will reduce tariffs on American goods from 125% to 10%.
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