Trump announced plans to reduce trade duties on China

The United States will reduce the percentage of customs duties on China, but it will not be zero. This was announced on April 22 by the American leader Donald Trump.

"145% (total U.S. duties on goods from China currently. — Ed.) is a lot, they will not be so high," the US president said during a conversation with reporters at the White House.

According to him, the duties will definitely be significantly reduced, but their level will not drop to zero. In addition, the American leader added that the economic consequences of the tariffs imposed by the United States will be felt in the country for some time.

"We're actually doing well. I have seen that stock markets have risen, but now is a transition period, it will last for some time, but things are going well with all countries," Trump said.

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The share of their total GDP in the global economy will reach a third in the coming years, but it is unlikely that the countries will remove all barriers.

On the same day, White House press Secretary Caroline Leavitt announced that the United States had already received 18 trade proposals after the imposition of duties. According to her, the administration of the American president is scheduled to hold talks with 34 more countries this week.

U.S. Vice President Jay Dee Vance said during a visit to India on April 22 that Washington is looking for trading partners who share the principles of justice and national interests. According to him, Trump seeks to restore the balance of global trade.