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President Donald Trump called on China to open its market to the U.S., arguing that this move would benefit the nation.
Trump shared the announcement in a post to his Truth Social account on Friday morning.
“CHINA SHOULD OPEN UP ITS MARKET TO USA — WOULD BE SO GOOD FOR THEM!!! CLOSED MARKETS DON’T WORK ANYMORE!!!” the president wrote in an all-caps post.
The statement is part of an ongoing trade battle between the two nations. On April 2, Trump declared America’s “Liberation Day,” revealing new tariffs to boost the U.S. economy.
He later paused larger tariffs on most nations, applying them instead at a rate of 10 percent for 90 days to those willing to cooperate with the U.S. on trade, including more than 75 nations. China was excluded.
“Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!” Trump wrote in April.
Treasury Secretary Scott Bessent said during an April appearance on Fox News’ “Mornings With Maria” that the Trump administration hopes to discuss negotiations with China soon.
“I think it’s unfortunate that the Chinese actually don’t want to come and negotiate because they are the worst offenders in the international trading system. They have the most imbalanced economy in the history of the modern world,” Bessent said.
“I can tell you that this escalation is a loser for them, that they have some very smart the economist and the academicians, technocrats within their bureaucracy, and they would be telling the leadership that we do not have the edge here. They are the surplus country that their exports to the U.S. are five times our exports to China. So they can raise their tariffs. But so what?” he continued. “No one wins in a war. But it’s proportionality. And the proportionality for the Chinese is going to be much worse.”
