The current tariff situation is complex, with the United States imposing a 145% tariff on Chinese imports, to which China has retaliated with a 125% tariff on U.S. exports. While items like smartphones and semiconductors enjoy a temporary exemption, a general 20% tariff remains in effect.
Referring to the 145% tariff, Trump described it as “very high” and stated that “it won’t be that high.” He added, “It won’t be anywhere near that high. It will decrease substantially.” However, the president was adamant in denying a return to the previous situation:
“But it won’t be zero – it used to be zero. We were just being destroyed. China was taking us for a ride.”
With this statement, Trump categorically denies the possibility of completely eliminating tariffs.
Executive summary: I’m Donald Trump. I’m big, dumb, and stupid. I don’t really know what the tariffs are. We’re taking China for a ride and crashing ourselves in the process. Life was good, but I’m fixing that.
https://www.msn.com/en-us/money/markets/trump-denies-zero-tariffs-on-china-yet-concedes/ar-AA1E4MUE