Washington: President Donald Trump on Wednesday suggested that a new trade deal with China is “possible.” This declaration comes as part of his broader tariffs policy, which has been a cornerstone of his administration’s approach to international trade relations.
According to Bangladesh Sangbad Sangstha, Trump remarked on the potential for a trade agreement during a meeting with reporters, highlighting that the United States had previously secured “a great trade deal with China” in 2020. This statement comes amid Trump’s second term in office, during which he has imposed and threatened various tariffs on both allies and adversaries. The president’s trade policies have notably targeted China, as well as neighboring countries like Canada and Mexico, and the European Union.
In early February, Trump implemented additional customs duties of 10 percent on all Chinese imports. He has also warned of imposing a 25 percent tariff on all imported cars, along with similar or higher tariffs on pharmaceuticals and semiconductors. These measures are part of his strategy to pressure some of the United States’ largest trading partners.
Initially, Trump announced a 25 percent tariff on all Canadian and Mexican imports but reversed this decision shortly before it was set to take effect, offering a temporary reprieve until March 1. Furthermore, he recently signed executive orders to enforce new 25 percent tariffs on steel and aluminum, which are scheduled to become effective on March 12.