Trump’s Tariff Reduction Window: China Prioritized with TikTok Deal on the Table

In a recent statement, President Trump indicated that he is open to reducing tariffs if other nations can offer something ‘substantial,’ signaling that the White House remains open to negotiations despite some top officials’ insistence. Speaking aboard Air Force One on Thursday, Trump defended his tariff program amid market turmoil, expressing satisfaction over falling interest rates and believing that economic unrest will settle soon. ‘Our tariffs give us great leverage to negotiate,’ Trump said, adding that ‘every country has reached out.’ When asked if this implies a potential concession, Trump responded ambiguously, stating it depends on what is offered. However, the president also warned of impending tariffs on chips and pharmaceuticals, which are currently under review. Trump reiterated his willingness to ease tariffs on China if Beijing approves the sale of TikTok’s U.S. operations, owned by ByteDance, before the April 5 deadline unless extended for negotiations. Trump mentioned being ‘very close to an agreement,’ though he cautioned that there was no indication of China pursuing this approach. Throughout the day, Trump engaged in discussions with foreign governments and businesses seeking tariff relief, including automotive industry representatives and Israeli Prime Minister Benjamin Netanyahu, who may visit the U.S. next week. Israel recently removed tariffs on American goods hoping for reciprocal relief but faces a 17% tariff on its products. Trump noted the decline in energy prices and 10-year bond yields positively, highlighting the benefits of reduced costs. Additionally, he expressed confidence that the UK appreciates its treatment under the new tariff regime, facing a minimum 10% tariff compared to EU states at 20%.