China Will Absorb Tariffs">
CITY — April 29, 2025 — President Trump responded to concerns about the impact of tariffs in a recent interview. The President stated that China will likely “eat those tariffs,” addressing the ongoing trade war between the U.S. and China.During the interview, Trump downplayed worries that the high tariffs could increase costs for American consumers. Stay tuned for expert analysis on the potential economic outcomes.
Trump Dismisses tariff Concerns: “China Probably Will Eat Those Tariffs”
Table of Contents
President Donald Trump has downplayed concerns that tariffs on imported goods from China could lead to increased costs for American consumers. In an interview aired April 29, 2025, Mr. Trump asserted that China probably will eat those tariffs.
This statement comes amid ongoing discussions about the economic impact of trade relations between the United States and China.
The Interview: Key Exchanges
The remarks were made during an interview with ABC News, where Mr. trump addressed the trade war with China. Terry Moran,ABC News anchor and Senior National Correspondent,characterized the 145% tariffs as basically an embargo.
Mr. Trump responded:
That’s good. They deserve it.
President Donald Trump
This exchange highlights the administration’s stance on trade enforcement and its willingness to impose meaningful economic pressure on China.
Economic Perspectives
While President Trump believes China will absorb the tariff costs,economists have expressed concerns about the potential impact on consumer prices. According to economists, the tariffs could lead to higher prices on a variety of imported goods. Terry Moran pointed out that It’ll raise prices on everything from electronics to clothing to building houses.
Mr. Trump countered this assertion, stating, You don’t know that. You don’t know whether or not china’s going to eat it.
He reiterated his belief that China would likely absorb the costs.
Tariff Impact and Business Implications
The high tariff rate of 145% raises questions about the feasibility of continued trade between the two nations. Mr.Trump acknowledged this, saying, At 145 they basically can’t do much business with the United States.
this statement underscores the potential for significant disruption in trade flows and supply chains.
Video: Commerce Secretary on Auto Tariffs
The Trump administration is also reportedly planning to reduce the impact of automotive tariffs.Watch the video below for more details:
Trump to reduce impact of auto tariffs, commerce secretary says
President Donald Trump’s administration will move to reduce the impact of his automotive tariffs on Tuesday, April 29, 2025.
Reuters
