U.S. President Donald Trump says he will not play hardball with China on trade, adding that his tariffs on Beijing will not be anywhere near the 145% his administration previously discussed.
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00:00U.S. President Donald Trump says he will not play hardball with China on trade.
00:05He adds that U.S. tariffs on China will be nowhere near the 145 percent his administration had previously discussed.
00:14Trump expressed optimism that he would make progress with China that would substantially lower tariffs on their imports.
00:21No, I'm not going to mention COVID. I'm not going to say, oh, I'm going to play hardball with China.
00:25I'm going to play hardball with you, President Xi. No, no. We're going to be very nice.
00:30They're going to be very nice. And we'll see what happens.
00:34But ultimately, they have to make a deal because otherwise they're not going to be able to deal in the United States.
00:40And we want them involved. But they have to and other countries have to make a deal.
00:45And if they don't make a deal, we'll set the deal because we're we're the ones that set the deal.
00:51Scott and Howard and myself and others, we're going to be setting the deal.
00:58And it'll be a fair deal for everybody. And it'll be I think it's a process that's going to go pretty quickly.
01:04The comments from Trump came at a swearing in ceremony for the new SEC chairman, Paul Atkins.
01:09I think it's going down.
01:09I think it's going down.
01:09I see.