U.S. may hike tariffs on China to 245% as Trump meets Meloni
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On the evening of Tuesday, April 15, the Trump administration announced that certain goods imported from China to the United States could be subjected to tariffs of up to 245% — currently already at 145%. A spokesperson for the Chinese government stated that trade and tariff wars benefit no one, and that Beijing has no intention of retaliating unless U.S. trade policy continues to harm the Chinese economy — in which case, further countermeasures will be implemented.
Meanwhile, yesterday Trump met with the Japanese delegation — led by Ryosei Akazawa — at the White House and spoke positively about the outcome of the meeting. However, according to Akazawa, Trump avoided addressing more sensitive topics such as exchange rates, which are often seen by Washington as a tool of manipulation that favors Japanese exports.
Additionally, there is significant anticipation surrounding today’s meeting between Trump and Italian Prime Minister Giorgia Meloni. In recent days, Meloni coordinated some of the meeting’s details with European Commission President Ursula von der Leyen, aiming to present a united European front in tariff negotiations. Brussels is hopeful that the strong relationship between Meloni and Trump could help facilitate a possible agreement.
Meanwhile, yesterday Trump met with the Japanese delegation — led by Ryosei Akazawa — at the White House and spoke positively about the outcome of the meeting. However, according to Akazawa, Trump avoided addressing more sensitive topics such as exchange rates, which are often seen by Washington as a tool of manipulation that favors Japanese exports.
Additionally, there is significant anticipation surrounding today’s meeting between Trump and Italian Prime Minister Giorgia Meloni. In recent days, Meloni coordinated some of the meeting’s details with European Commission President Ursula von der Leyen, aiming to present a united European front in tariff negotiations. Brussels is hopeful that the strong relationship between Meloni and Trump could help facilitate a possible agreement.