Overview

• President Trump stated that the U.S. will adopt a 'very nice' approach in trade talks with China, emphasizing the need for a fair and swift agreement.
• Trump warned that if China does not agree to a deal, the U.S. will unilaterally set the terms of the agreement.
• Treasury Secretary Scott Bessent indicated that the current tariff levels, which reach up to 145%, are unsustainable and signaled an imminent de-escalation.
• White House Press Secretary Karoline Leavitt reported progress in laying prerequisites for a U.S.-China trade pact, with discussions involving multiple countries continuing this week.
• While tariffs on Chinese imports are expected to decrease significantly after an agreement, they will not be fully eliminated, maintaining leverage for future negotiations.