Are we in an indefinite trade truce or are you looking at bringing that tariff rate back to where it was before the Supreme Court ruling? Well, the Chinese know, and that's part of our deal, that The United States can elevate tariffs to the higher level that we had at the time of what we call the Busan deal. In October. When President Xi and President Trump met following the Supreme Court case In February, about 10 percentage points were knocked off the tariff rate for China. (06:40–06:48)
CLAIM
Asserts that the U.S. can raise tariffs to the level set during the Busan deal.
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