U.S. President Donald Trump has reiterated that he is not looking to pause his reciprocal tariffs, which will go into effect Wednesday.
Trump declared his position Monday after a meeting with Israeli Prime Minister Benjamin Netanyahu at the White House, responding to a reporter’s question about whether he was open to pausing the tariffs for negotiations.
Trump said the U.S. is making “tremendous progress” with many countries, and that countries that previously took advantage of the U.S. are now saying “please negotiate” because they’re getting beaten badly.
Trump then threatened to slap additional import taxes of 50 percent on China if it doesn’t rescind its retaliatory 34 percent tariffs.
Asked whether the tariffs on his country’s trading partners are permanent or open to negotiation, Trump replied, “They can both be true.”
He said some could be permanent and others could be negotiable because there are things the U.S. needs “beyond tariffs,” adding that the U.S. will strike fair deals with every country.