Commerce Secretary Howard Lutnick’s statement about being “completely confident” in a new trade deal between President Trump and China reflects optimism amid ongoing trade tensions. The U.S. and China have been engaged in a tit-for-tat tariff escalation, with U.S. tariffs on Chinese goods reaching 145% and China responding with 125% tariffs on U.S. imports. Despite this, Lutnick’s confidence aligns with Trump’s expressed openness to negotiations, as seen in comments from White House officials like Press Secretary Karoline Leavitt, who noted Trump’s belief in striking a deal. However, no concrete agreement has been confirmed, and talks remain speculative as both sides navigate economic and political pressures.
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