Trump Signals Aggressive Tariff Push and Trade Talks with China

In a spirited Oval Office press conference on April 17, 2025, President Donald Trump outlined an ambitious trade agenda, emphasizing new tariffs, ongoing negotiations with China, and a firm stance on keeping U.S. Steel under American control. His remarks underscored a protectionist approach, with a focus on bolstering domestic industries while navigating complex international trade dynamics.

Trump revealed that discussions with China have intensified following his administration’s imposition of a 145% tariff. While he stopped short of confirming direct talks with Chinese leadership, he strongly implied high-level engagement, noting that China has shown interest in striking a deal. “They’ve reached out since the tariff,” Trump said, adding that he believes a trade agreement could materialize within the next three to four weeks. He also hinted at a potential deal involving TikTok, which remains contingent on China’s approval but is viewed favorably by Beijing.

Addressing the proposed acquisition of U.S. Steel by Japan’s Nippon Steel, Trump was unequivocal about keeping the iconic American company in U.S. hands. “We want U.S. Steel to remain in U.S. hands,” he declared, dismissing the idea of foreign ownership. While he suggested Nippon Steel could play a role as an investor or partner, he emphasized that any deal would prioritize American interests. Trump also clarified that the Nippon Steel issue is unlikely to influence broader tariff decisions with Japan, stating, “I doubt it will be part of Japan tariffs.”

The President reiterated his commitment to imposing tariffs on key industries, including cars, steel, aluminum, and computer chips. He hinted at additional measures to be announced in the near future, signaling a broader tariff strategy aimed at protecting U.S. markets. “We set a number, people pay that number or go elsewhere,” Trump said, underscoring his hardline approach. He cautioned, however, that excessive tariffs could deter buyers, indicating a need to balance economic pressure with market realities.

As Trump navigates these high-stakes trade negotiations, his administration appears poised to reshape global trade dynamics. With deadlines looming and tariffs on the horizon, the coming weeks will be critical in determining whether deals with China and other partners can be finalized, or if the U.S. will double down on its protectionist policies.