Trump indicates the will to lower China’s rates sometime “

President Donald Trump said he is ready to lower his rates in China at some point because taxes are now so high that the two largest economies in the world have stopped doing business with each other.

Trump has put rates up to 145% in Chinese imports. China has retaliated with 125% rates to North -American imports. The movements stepped on markets and threaten to increase the prices of manufacturing equipment, as well as affordable assets in which many North -Americans trust, including clothes and toys.

“At some point, I will go down, because otherwise, you could never do business with them, and they want to do a lot of business,” Trump said in an interview on Sunday at NBC’s Get to know the press with Kristen Welker.

He said that recent economic pain in China, where factory activity has fallen into the worst contraction since 2023, according to the official index of manufacturing shopping managers. New export orders fell to the lowest since December 2022 and recorded the largest fall since April of this year, when Shanghai entered a pandemic blockade throughout the city.

Trump also praised some statements that China recently made as “positive”, while also reiterating that any agreement between the two countries should be “fair.”

China said on Friday that it was evaluating the possibility of trade conversations with the United States since the Trump’s rates were announced last month, the first sign that negotiations could begin between the two parties.

“China is currently evaluating this,” the Ministry’s statement said. North -American stocks increased on Friday after these Beijing signs.

This story originally presented to Fortune.com

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