US President Donald Trump said on Sunday that unless the China trade deficit is solved, there will be no deal, according to Reuters.
Trump further stated that “sometimes you have to take medicine” when asked about recent market volatility, insisting he was not deliberately trying to trigger a selloff.
US Commerce Secretary Howard Lutnick confirmed on Sunday that the tariffs would not be postponed and the policy will remain in place for days and weeks.
Treasury Secretary Scott Bessent noted that more than 50 nations have approached the administration for negotiations but cautioned, “They’ve been bad actors for a long time, and it’s not the kind of thing you can negotiate away in days or weeks.”
