Particle.news
Download on the App Store
3 ARTICLES
·
3h ago

U.S. Trade Chief Calls 55% China Tariffs a 'Good Status Quo' as Nov. 10 Truce Nears Expiration

Greer signals a focus on narrow carve-outs to keep talks on track.

U.S. Trade Representative Jamieson Greer looks on, following a meeting between Chinese Vice Premier He Lifeng and U.S. Treasury Secretary Scott Bessent, on the day of U.S.-China talks on trade, economic and national security issues, in Madrid, Spain, September 15, 2025. REUTERS/Violeta Santos Moura
Image

Overview

  • U.S. Trade Representative Jamieson Greer said there is no immediate plan to lower the roughly 55% tariff on Chinese imports.
  • Without an extension, the tariff truce ends on Nov. 10 and duties would snap back to about 145% for the U.S. and 125% for China, a level seen as crippling for trade.
  • Greer said negotiators aim to expand trade in non-sensitive goods, citing U.S. agriculture and Chinese consumer products as potential areas.
  • He confirmed that Beijing sought tariff reductions tied to U.S. control of TikTok during September talks in Madrid, an offer that he and Treasury Secretary Scott Bessent rejected.
  • Greer described Chinese negotiators as more assertive given rare earth leverage and a 'wolf warrior' posture, while noting frequent meetings that help avoid policy surprises.