Trump: If China and the US cannot reach a long-term trade protocol, tariffs will rise significantly.

[Trump: If China and the U.S. cannot reach a long-term trade protocol, tariffs will rise significantly] According to CNBC, U.S. President Trump stated on Monday morning that even if a long-term protocol cannot be reached after the 90-day pause period ends, tariffs on China will not revert to 145%, but will rise significantly. Earlier reports indicated that China and the U.S. reached a temporary trade protocol, during which both sides will significantly drop tariffs; the U.S. will reduce tariffs on China from 145% to 30%, while China will lower tariffs on U.S. goods from 125% to 10%.