1 month ago
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PULSE POINTS:
❓What Happened: President Donald J. Trump urged China to open its markets to the U.S. and suggested reducing tariffs on Chinese goods.
👥 Who’s Involved: President Donald Trump, Treasury Secretary Scott Bessent, U.S. Trade Representative Jamieson Greer, Chinese officials.
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📍 Where & When: Comments made in Washington, D.C. on Friday; meetings between the U.S. and China set in Switzerland over the weekend.
💬 Key Quote: “CHINA SHOULD OPEN UP ITS MARKET TO USA — WOULD BE SO GOOD FOR THEM!!! CLOSED MARKETS DON’T WORK ANYMORE!!!” – President Trump on Truth Social.
⚠️ Impact: Potential reduction in tariffs and improved trade relations between the U.S. and China.
IN FULL:
President Donald J. Trump has called for China to open its markets to the United States, suggesting a potential reduction in tariffs on Chinese imports. This announcement comes ahead of planned trade discussions between American and Chinese officials in Switzerland this weekend.
On Friday, Trump took to his Truth Social platform, emphasizing the benefits for China if it opens its markets to American goods. He stated, “CHINA SHOULD OPEN UP ITS MARKET TO USA — WOULD BE SO GOOD FOR THEM!!! CLOSED MARKETS DON’T WORK ANYMORE!!!” In a subsequent post, he mentioned, “80% Tariff on China seems right! Up to Scott B,” referring to Treasury Secretary Scott Bessent.
Currently, tariffs on most Chinese goods stand at 145 percent, a figure established last month following China’s retaliatory measures against U.S. tariffs. Meanwhile, China has imposed a 125 percent levy on most American products. Speaking in the Oval Office on Thursday, Trump indicated that these tariffs would not increase further and could only decrease. “It’s at 145, so we know it’s coming down,” he remarked, expressing optimism about future relations with China.
Treasury Secretary Bessent and U.S. Trade Representative Jamieson Greer are scheduled to meet with Chinese counterparts in Geneva over the weekend to negotiate a trade deal. Greer commented on the upcoming talks, saying, “At President Trump’s direction, I am negotiating with countries to rebalance our trade relations to achieve reciprocity, open new markets, and protect America’s economic and national security.” He anticipates productive discussions with his international counterparts.
Bessent has described the current economic dynamics with China as “unsustainable” and emphasized the U.S. desire for “fair trade” without a complete decoupling from China.
In related trade developments, Trump announced a significant trade agreement with the United Kingdom on Thursday. This deal aims to enhance U.S. market access in Britain for billions of dollars worth of American exports. However, a 10 percent baseline tariff on many British goods remains, with specific exceptions for Rolls-Royce engines and airplane parts, among other products.
PULSE POINTS:
What Happened: President Donald J. Trump is once again pushing for a 30-day ceasefire between Russia and Ukraine, threatening sanctions if either country violates the suspension of hostilities. He hopes a ceasefire can pave the way for a peace deal between the warring nations.
👥 Who’s Involved: President Donald J. Trump, Russian President Vladimir Putin, and Ukrainian President Volodymyr Zelensky.
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📍 Where & When: President Trump called for a ceasefire in a post on Truth Social on Thursday, May 8, 2025.
💬 Key Quote: “If the ceasefire is not respected, the U.S. and its partners will impose further sanctions,” President Trump warned.
⚠️ Impact: With the Russian economy beginning to show signs of strain under current U.S. sanctions, and Putin even expressing a desire to re-establish access to Western markets, the 30-day ceasefire demand may be too much for him to pass up. The Russian leader has already signalled he is open to a shorter-term cessation of hostilities. However, this may be the final efforts of the Trump White House to broker an end to the conflict before washing their hands of the issue.
IN FULL:
President Donald J. Trump is calling for an unconditional 30-day ceasefire between Russia and Ukraine, threating that the United States and its partners will impose crippling sanctions on whichever of the two nations either refuse the agreement or violate it. The America First leader outlined the ceasefire proposal in a post on Truth Social late Thursday, May 8, 2025.
“The U.S. calls for, ideally, a 30-day unconditional ceasefire. Hopefully, an acceptable ceasefire will be observed, and both Countries will be held accountable for respecting the sanctity of these direct negotiations,” Trump wrote, continuing: “If the ceasefire is not respected, the U.S. and its partners will impose further sanctions.”
He added: “Thousands of young soldiers are dying on a weekly basis, and everybody should want it to STOP. I do, and the United States of America does, also. As President, I will stay committed to securing Peace between Russia and Ukraine, together with the Europeans, and a Lasting Peace it will be!”
Trump emphasized that the ceasefire demand is intended to “ultimately build toward a Peace Agreement” and that it must be done “quickly.” Additionally, President Trump offered to be “available on a moment’s notice” to help broker a peace deal between Russia and Ukraine.
Earlier in the week, Trump expressed his disgust and anger with the intransigence shown by both the Russian and Ukrainian governments toward a peace deal. Meanwhile, Vice President J.D. Vance, speaking at the Munich Leaders Meeting in Washington, D.C., said that Russia is “asking for too much” in return for ending its war against neighboring Ukraine, highlighting the Trump White House’s continued frustration with reaching an elusive peace settlement.
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