Commerce Secretary Howard Lutnick assured Americans that U.S. tariff levels on China would not change from this point onwards. President Donald Trump earlier said that U.S. duties on China will total 55%, though a White House official told CNBC that that figure is not new. The announcements from Trump and Lutnick came after trade negotiators for the two economic superpowers concluded high-level talks in London.
Commerce Secretary Howard Lutnick said Wednesday that U.S. tariff levels on Chinese imports will not change from their current levels, even as a trade deal between Washington and Beijing has yet to be finalized.
Asked on CNBC’s “Money Movers” if the current U.S. tariffs on China are not going to change again, Lutnick replied, “You can definitely say that.”
President Donald Trump said in a Truth Social post Wednesday morning that U.S. duties on China will total 55% — but a White House official told CNBC soon after that that figure is not new.
Rather, it comprises the existing 30% blanket U.S. tariffs on China, plus the