In a recent statement, President Trump indicated that he is reluctant to increase tariffs on China, fearing it might deter consumer purchasing. He mentioned not wanting to exceed a certain tariff threshold, as this could impact buying behavior negatively. Trump also noted a potential deal concerning TikTok, dependent on China's actions. In response, China downplayed Trump's tariff assertions, criticizing the escalating tariff situation as insignificant. The ongoing trade war continues to see both nations imposing various punitive measures, complicating the economic relations.
President Trump expressed hesitation to raise tariffs on China, stating that excessively high tariffs could deter consumer buying, thus harming economic consumption.
Trump emphasized that while tariffs can lead to trade negotiations, he is mindful of the balance between tariffs and consumer purchasing power.
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