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US Commerce Secretary: No Tariff Pause Likely After China Talks

Coin WorldFriday, May 9, 2025 7:44 pm ET
1min read

Commerce Secretary Howard Lutnick has asserted that there is no likelihood of a pause in tariffs on China following the upcoming trade discussions. This statement comes as the US and China engage in talks aimed at reducing the escalating trade tensions between the two major economies. The US has been contemplating reducing its tariffs on Chinese goods, with President Trump suggesting a cut to 80% in a recent post. This potential move is seen as an initial step towards a mutual reduction in tariffs, which could help mitigate the economic strain caused by the trade war.

Ask Aime: **What is the likelihood of a tariff pause after US-China trade talks?**

Lutnick's remarks highlight the US's dedication to maintaining a 10% baseline tariff for countries with balanced trade, while those with trade deficits would face higher tariffs. This policy is part of the administration's broader strategy to ensure fair and reciprocal trade agreements. The US has been actively pursuing trade deals with various countries, including a recent agreement with the UK, which is expected to boost US export markets for agricultural products.

The trade talks between the US and China are scheduled to take place this weekend, with top US officials, including Treasury Secretary Scott Bessent, set to meet with their Chinese counterparts. President Trump has hinted at the possibility of a meeting with Chinese President Xi following the initial talks. China, for its part, has reportedly compiled a list of US goods exempt from its 125% tariffs, aiming to ease trade tensions without making public concessions. However, Trump has defended the China tariffs, claiming that China "deserves it" and would likely absorb the costs.

The economic impact of the tariffs remains a significant concern, with Federal Reserve Chair Jerome Powell emphasizing that while sentiment has deteriorated, the tariff "shock hasn't hit yet." The scale of the disruption will largely depend on how quickly trade deals are reached. The US has been clear that the onus to make offers falls on other countries, reiterating that they do not have to sign deals unless other nations are willing to do so.

As the trade talks progress, the focus remains on achieving fair and reciprocal trade agreements that benefit both the US and its trading partners. The outcome of these talks will have far-reaching implications for the global economy, affecting businesses and consumers alike. The US's stance on tariffs, as articulated by Lutnick, suggests that any concessions will be carefully considered and will prioritize the interests of the US economy.

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Empty_Somewhere_2135
05/09
Tariffs might stay, but if China makes a strong offer, things could change fast. Market loves surprises, keeps us on toes.
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serkankster
05/09
Xi and Trump meeting? That's a big if. But if it happens, expect some fireworks and possible breakthroughs. Fingers crossed.
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Electrical_Green_258
05/09
I'm holding a mix of domestic and international stocks. Diversifying is key; can't put all eggs in one trade basket.
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SussyAltUser
05/10
@Electrical_Green_258 What's your duration for holding these stocks? Are you looking at long-term growth or taking profits soon?
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chatofwallst
05/10
@Electrical_Green_258 I'm all in on US stocks, no internationals for me. Love the volatility and potential for big gains.
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Jelopuddinpop
05/09
Lutnick's tough talk might be bluff. Market's reacting to every whisper. Watch for subtle moves, not just words.
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superbilliam
05/09
Lutnick spilling the tea, no tariff pause
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PunishedRichard
05/09
US wants balanced trade; China's trying to ease tensions without big concessions. It's a delicate dance with high stakes.
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Keroro999
05/09
China talks might juice $TSLA, keeping fingers crossed.
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Zestyclose_Gap_100
05/09
Fed's Powell says tariff "shock hasn't hit yet." When it does, we might see some wild market swings. Hold tight, folks.
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DumbStocker
05/09
UK deal is a small win for US agriculture. More export action could boost rural economies. Let's see if other deals follow.
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careyectr
05/09
Fed's Powell says tariff "shock hasn't hit yet." But when it does, buckle up. Global economy's riding on these talks.
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NEYO8uw11qgD0J
05/10
@careyectr What happens if talks fail?
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Turbonik1
05/09
$TSLA and $AAPL have been tariff winners so far. If things escalate, tech might lead again. Not counting on it, though.
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medphysik
05/10
@Turbonik1 What if tech sector tanks?
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AlmightyAntwan12
05/09
China compiling exemption list is a good sign, but nothing's confirmed till it's confirmed. Let's not get ahead of ourselves.
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turntabletennis
05/09
Howard's got the 10% baseline tariff down like it's a sure bet, but the real game's just starting. The Fed's warning the shock's still in the wings, and China's keeping their cards close. Maybe the US is bluffing, or maybe they're in for a marathon. Either way, the table's set for a high-stakes showdown. Let's see who blinks first—or if someone calls the bluff.
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Silver-Feeling6281
05/09
Lutnick's hardline sounds like a tough negotiator tactic. Could be bluffing to get China to cave. Watch for moves, not words.
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aiolyfe
05/09
Lutnick's no-pause talk is like the market equivalent of a rollercoaster tease. Get ready for some ups and downs. 😂
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Rigor_Morpheus
05/10
@aiolyfe Lutnick's rollercoaster vibes got me thinking: is this trade talk a meme stock rally? 🤔
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