In a new Truth Social post, President Trump stated that “80% Tariff on China seems right! Up to Scott B.” Over the weekend, Treasury Secretary Scott Bessent and U.S. Trade Rep. Jamieson Greer will meet with China Vice Premier He Lifeng in a highly anticipated meeting.
Trump Teases Additional Trade Deals
In a separate post, Trump noted that “Many Trade Deals in the hopper, all good (GREAT!) ones!” Yesterday, the U.S. signed its first trade agreement with the UK while maintaining its 10% baseline tariff.
The S&P 500 closed higher on the news and is set to open in the green today.
