Amid the ongoing tariff war with Beijing, US President Donald Trump on Thursday said that he would love to get a deal with China to put an end to the escalating global trade turmoil.
US President Donald Trump during a cabinet meeting at the White House. (Bloomberg)
{{^htLoading}} {{/htLoading}}
Trump made the comments during a Cabinet meeting after US Treasury Secretary Scott Bessent said that as they settle deals with countries, it will bring more certainty to trade policy.
The Republican leader also expressed confidence in his tariffs plan and said that the country might face some 'transitional problems', but things will soon fall into place.
“There’ll be a transition cost, and transition problems, but in the end, it’s going to be a beautiful thing,” Trump said Thursday during a Cabinet meeting. “We’re in very good shape.”
Trump's tariff on Chinese goods
{{^htLoading}} {{/htLoading}}
{{^usCountry}}
The US President's remark came hours after he hiked the tariff on Chinese imports to 145% from the 125% that kicked in on Wednesday.
{{/usCountry}}
{{#usCountry}}
The US President's remark came hours after he hiked the tariff on Chinese imports to 145% from the 125% that kicked in on Wednesday.
{{/usCountry}}
The number, published in a White House memo, comes in addition to a 20 per cent levy put into place earlier this year over China’s role in fentanyl trafficking.
The current US tariffs on Chinese imports include a 145 per cent duty on all products imported from China, 25 per cent tariffs on aluminium, automobiles, and goods from Canada and Mexico that do not fall under the United States-Mexico-Canada Agreement, and a 10 per cent levy on all other imported items.
On Wednesday, the Republican leader announced a 90-day pause on 'reciprocal tariffs' on 'most nations' except China.
Despite the respite, the US stock markets fell again on Thursday after gaining big on President Donald Trump's reprieve on tariffs to most countries.
The US’s other trading partners will still face a 10% blanket import tax to allow a period to negotiate individual trade agreements. If that doesn’t succeed, the higher duties are set to go into place on July 9.
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.
Stay updated with US News covering politics, crime, weather, local events, and sports highlights. Get the latest on Donald Trump and American politics along with Horoscope 2026.
Stay updated with US News covering politics, crime, weather, local events, and sports highlights. Get the latest on Donald Trump and American politics along with Horoscope 2026.
Home/World News/Us News/Donald Trump admits to 'transition problems' in tariff plan: 'In the end, it’s going to be beautiful'
{{^htLoading}}
Advertisement
{{/htLoading}}
SHARE THIS ARTICLE ON
{{#usCountry}}{{/usCountry}}
Hindustantimes wants to start sending you push notifications. Click allow to subscribe
