"We're going to make a deal. I think we're going to make a very good deal with China," Trump said, as reported by The Hill. He also told reporters he thought the U.S. would have "very little problem making a deal with Europe or anybody else."
The administration of US President Donald Trump is preparing to urge countries to reduce trade with China as part of negotiations over US tariffs, according to a report from The Japan Times.
Trump had imposed reciprocal tariffs on dozens of countries with which the country has a trade deficit. Later, President Trump had decided to paused the tariffs for 90 days, after many countries initiated talks with the US administration for a trade deal.
Chinese export hubs like Shanghai and Guangdong are experiencing early disruptions as the US-China tariff war escalates. With shipping halted and factories at a standstill, tensions have intensified following sharp reciprocal tariff hikes announced by both governments this week.
Financial advisory firm Prabhudas Lilladher asserted that US tariff war with China is of significant strategic imperative and is unlikely to wane off soon, even if it enters into bilateral trade agreement with various countries.
Jaishankar said that there is a connection between US President Donald Trump's agenda- MAGA (Make America Great Again) and technology, which has been clear now.
The change in sentiment comes as both Beijing's economic troubles and US government policies make it harder for American companies to succeed in China.
Taking the latest cues from the US after it imposed high tariffs on various imports from China, CareEdge Ratings believes that other countries may also follow suit to protect their respective domestic industries.
Moody's Analytics believes China has reasons to exercise restraint in announcing retaliatory tariffs against the US, at a time when the latter has imposed import tariffs on various critical goods from China.