Trump Hints at End of US-China Trade War: Says Tariffs to ‘Come Down Substantially’

In a statement that could reshape global economic tides, former U.S. President Donald Trump signaled a significant shift in the long-running U.S.-China trade war, suggesting that tariffs on Chinese goods could be “substantially reduced” if he returns to office.

While speaking at a recent campaign event, Trump surprised many by softening his stance toward China, stating,

“We hit them hard when we had to. But going forward, the tariffs will come down substantially — we want fair trade, not endless trade battles.”

The remark comes amid mounting pressure from American businesses and international allies to ease the economic tensions that have lingered since the trade conflict erupted in 2018.

A Conflict That Shaped Global Markets

The U.S.-China trade war was one of the defining features of Trump’s first term. It involved hundreds of billions of dollars in tariffs and counter-tariffs, affecting everything from electronics and clothing to agriculture and steel.
American farmers, tech companies, and consumers bore much of the brunt, while global markets remained volatile.

Despite several negotiation rounds and a Phase One agreement in 2020, many tariffs remain in place even under the Biden administration — and now, Trump appears ready to pivot.

Signals of a New Strategy?

Trump’s latest comments suggest a pragmatic turn — likely influenced by the current economic climate, where inflation and supply chain disruptions have made protectionist policies less popular.

Political analysts believe this could be a strategic play aimed at:

• Winning over moderate voters and the business community

• Softening his image on international diplomacy

• Reframing himself as a deal-maker rather than a disruptor

Whether this will translate into policy — should he regain office — remains to be seen.

What’s China’s Response?

While Beijing has yet to officially respond to Trump’s comments, Chinese officials have consistently maintained that they welcome “mutually beneficial trade” and have previously called for all tariffs to be rolled back as a prerequisite to any meaningful reset in relations.

Trump’s remarks may be viewed as a signal of potential détente, although skepticism remains high in both capitals.

Market Reaction

Global markets have responded with cautious optimism.

• The Dow Jones and S&P 500 saw modest gains following the announcement.

• Chinese tech stocks also ticked upward in Hong Kong.

• Export-heavy industries — including agriculture and manufacturing — are hopeful but await concrete policy moves.

Looking Ahead: End of an Era or Just a Campaign Line?

As Trump continues his campaign trail, it remains unclear whether his latest remarks will become official policy proposals or are simply rhetorical shifts aimed at broader appeal.

One thing is certain: the future of U.S.-China trade relations is once again at the center of global economic discussions — and all eyes are on 2024.