Trump rejects China's demand to reduce a tariff of 145% to open negotiations

President Donald Trump said that he would not drop tariffs in China to get Beijing to get to the negotiating table.

The president discussed his attitude to the tariffs he defended in an interview with NBCS “Meet the Press”, which was recorded on Friday by his estate of Mar-A-Lago. He claimed that

“They said today that they want to talk. Look, China, and I don't like that. I'm not happy about it. China is being killed,” said Trump, host Kristen Welker. “They are absolutely destroyed. Your factories close. Your unemployment goes through the roof. I don't want to do it in China now. At the same time, I don't want China to earn hundreds of billions of dollars and build more ships and more army and more aircraft.”

“You don't drop the tariffs against China to bring them to the negotiating table?” Asked Welker.

Trump replied: “No.”

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“At some point I will reduce them because otherwise they could never do business with them,” he added later. “And they want to do business how their economy is really bad. Your economy breaks down.”

Trump pushed the premise of Welker's question back on whether he would consider the relief for small companies. The President said that the NBC host should consider larger companies such as the automotive industry that will “make a fortune” because of its tariff plan. Trump also refused to rule out some tariffs permanently, and claimed that the United States could expect new investments worth 9 trillion dollars since taking office.

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He found that Apple and other technology companies as well as automotive companies such as Toyota, Honda, General Motors and Stellantis have made billions of billions of obligations to bring their plants to the USA.

The Chinese government has put together a list of American products that would be freed from its 125% tariffs for US goods, Reuters reported last week. Beijing already has exceptions for some US pharmaceuticals, microchips and aircraft engines.

Trump also refused to rule out a potential recession at short notice, although he promised the “largest economic boom in history”.

“Is it okay at short notice to have a recession?” Asked Welker.

“Look, yes … everything is okay,” replied Trump and argued that the US economy is in a “transition period” and “we will make it fantastic”.

“Are you worried about a recession?” Asked Welker.

President Donald Trump and Chinese leader XI Jinping

So Trump replied all over “No.”

“Are you concerned that it could happen? Do you think it could happen?” She pressed.

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“Everything can happen,” said Trump. “But I think we will have the largest economy in our country's history. I think we will have the greatest economic boom in history.”