US Press Secretary Leavitt: Trump will not bring down tariffs on China
Source Fxstreet
White House Press Secretary Karoline Leavitt addressed media staff on Friday, walking back some of the tone and market interpretations of President Donald Trump's early morning tweets.
Key highlights
Trump confident in US Treasury Secretary Bessent with discussions (with China).
The US needs to see concessions from China.
Trump committed to the 10% baseline tariff.
The 10% baseline tariff will remain for the UK.
It is ridiculous that Trump would do anything for his own gain.
The White House will let Congress work out SALT tax issue.
On possible 80% tariff concession: That's not what Trump said.
Trump will not unilaterally bring down tariffs on China. 80% was a number Trump threw out there.
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