US firms thinking of buliding in the US to replace imports from China will need to reconsider their plans in light of another retreat from Trump on tariffs. Speaking over the weekend on the tariffs he has placed on China:
- “At some point, I’m going to lower them, because otherwise, you could never do business with them, and they want to do business very much”
More from Trump today/weekend:
- Trump says he has no plans to speak with Xi this week. Confirming the prospect on any deal with China is a long way off
- Trump announces more tariffs – plans 100% tariff on all movies produced overseas
- Trump’s clearest Greenland threat yet, won’t rule out military action against NATO ally
- Trump said he won’t remove Powell before his term ends in May 2026
- Trump orders the reopening of Alcatraz prison
This article was written by Eamonn Sheridan at www.forexlive.com.
