President Trump stated that US tariffs on Chinese imports will eventually be lowered, despite insisting he won't make the first move in trade talks. He acknowledged the negative impact of tariffs on China's economy, citing factory closures and high unemployment. While China wants to negotiate, they demand the US cancel tariff hikes first. Trump also confirmed negotiations with numerous countries and hinted at potential trade deal announcements this week. Separately, he expressed willingness to extend the deadline for ByteDance to sell TikTok's US operations.

Prepared by Christopher Adams and reviewed by editorial team.