U.S. President Donald Trump on Thursday, April 17, signaled a potential end to the tit-for-tat tariff hikes between the U.S. and China that shocked markets, and that a deal over the fate of social media platform TikTok may have to wait. “I don’t want them to go higher because at a certain point you make it where people don’t buy,” Trump told reporters about tariffs at the White House.
While imports from China currently sit at a 145% levy, other countries are also facing a 10% minimum tariff on goods, with higher country-by-country tariffs being delayed until negotiations conclude with these countries.
