Trump Advocates for ‘Total Reset’ with China Amid Temporary Tariff Relief
In a compelling briefing from the White House on May 12, President Donald Trump heralded a significant turning point in U.S.-China trade relations, advocating for a "total reset" amid a temporary suspension of tariffs. The latest developments come as part of a newly negotiated trade agreement between the two economic superpowers.
Under the newly established framework, the U.S. will drastically reduce its tariff rate from an exorbitant 145% on most Chinese goods down to 30%, a move aimed at stimulating trade and alleviating pressure on American consumers and businesses alike. In a reciprocal gesture, China has also committed to lowering its own tariffs from 125% to a more manageable 10%. This bilateral approach marks a pivotal shift, reflecting a mutual acknowledgment of the urgent need for economic collaboration.
During his address, Trump emphasized the importance of these negotiations, framing them as a critical step towards fostering better relations and achieving a more balanced trade dynamic. "This is about more than just tariffs; it’s about setting the groundwork for a robust economic partnership," he asserted, signaling hope for enhanced cooperation in the future.
The tariffs had spurred significant tension within the global economy, resulting in increased costs for consumers and disruption across various industries. By pausing these tariffs for 90 days, both nations are presented with a precious opportunity to reassess their trade practices and work towards sustainable solutions that benefit their respective economies.
As businesses and consumers digest this news, many remain cautiously optimistic about the prospects of a renewed economic alliance. The ramifications of this temporary tariff relief may extend beyond just trade figures; they could pave the way for a new era of collaboration, potentially redefining the landscape of international trade.
The coming weeks will be critical as the U.S. and China navigate this fragile truce and work towards a more equitable trade relationship. As discussions unfold, the global community watches closely, eager to see how these changes might impact their interconnected economies.
Watch the video by New York Post
Video “Trump touts ‘total reset with China’ amid 90-day tariff pause” was uploaded on 05/12/2025 to Youtube Channel New York Post