Gold prices steady, holding sharp gains in wake of soft U.S. jobs data
Investing.com -- U.S. President Donald Trump clarified on Monday that he is not considering a pause on tariffs to facilitate negotiations with trading partners. Instead, he indicated plans to discuss the duties with China, Japan, and other countries.
During a White House press event with Israeli Prime Minister Benjamin Netanyahu, Trump was asked if he was open to pausing tariffs. In response, Trump stated, "Well, we're not looking at that. We have many, many countries that are coming to negotiate deals with us and they're going to be fair deals. And in certain cases they're going to be paying substantial tariffs. There'll be fair deals."
Trump further reiterated his warning to increase tariffs on Chinese imports by an additional 50% if China does not retract its threat to impose a 34% tariff on its goods. The president's statements confirm the administration's ongoing commitment to using tariffs as a negotiation tool in international trade agreements.
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