Former New Hampshire Governor Chris Sununu (R) mentioned on Sunday that the Trump administration has “about six weeks” regarding China tariff contracts to instill “trust” in the market and small businesses.
“It seems like they have moved forward as of yesterday, but they’ve essentially given the market around six weeks, and some of these small businesses feel confident it won’t undermine them,” Sununu said during an interview with CNN’s Dana Bash, discussing the “coalition status” of President Trump’s China tariffs.
Trump’s tariff policies have created tensions with trade partners like China, Canada, and the European Union, shaking global markets during the initial months of his second term. Concerns are also growing that these tariffs might lead to a potential US recession.
On Friday, the president indicated his readiness to significantly ease US tariffs on Chinese goods. In a post on his social platform, Trump suggested that 80% of China’s tariffs were likely appropriate, revealing a reduction in import taxes on Chinese products from 145%.
“China’s 80% tariffs seem accurate! Until Scott B,” Trump noted in his post, referencing Treasury Secretary Scott Bescent.
Additionally, Trump proposed a “complete reset” of US-China trade relations on Saturday, following discussions about Swiss tariffs between the two nations.
“Had a very productive meeting with China in Switzerland today. Many topics were discussed, and agreements were reached. The complete reset was negotiated in a friendly and constructive manner. We aim to open China to American businesses for the benefit of both nations,” the President stated in a post on his social platform.
During a CNN appearance on Friday, Sununu expressed that the newly announced trade agreement between the UK and the US would “certainly lay the groundwork for future agreements” for the Trump administration.
The Hill reached out to the White House, the office of US Trade Representative Jamieson Greer, and the Treasury Department for further comments.
