Trump: “We Will Have a Deal with China” Despite Tariff Escalation
President Donald Trump is doubling down on his belief that the United States will strike a trade agreement with China, even as tensions between the two economic powerhouses reach historic highs.
At a press briefing on April 17, Trump told reporters, “There’s no rush to announce a trade deal,” but added confidently, “We will have a deal with China” and “we will make a good deal with China.” The president emphasized that the outcome will include a “substantial number for the baseline tariff,” signaling a hardline stance on trade policy moving forward.
His remarks come just two days after the White House raised tariffs on Chinese imports to 245%, the most aggressive escalation of his second term. This increase followed earlier tariff hikes to 125% and 145%, piling pressure on already strained U.S.–China trade relations.
The president’s comments follow a week of high-level meetings with global leaders. On Thursday, he hosted Italian Prime Minister Giorgia Meloni at the White House, stating he is “very confident” about reaching a trade agreement with the European Union. He also met with Japanese officials earlier in the week and spoke with Mexican President-elect Claudia Sheinbaum.
In a broader effort to reassert U.S. leverage on trade, Trump claimed “every nation” is now eager to negotiate—including China—despite current indications that Beijing has no immediate plans to return to the table.
Meanwhile, Trump has also stirred controversy at home, calling for the termination of Federal Reserve Chairman Jerome Powell. The president lashed out after Powell warned that Trump’s tariff strategy could lead to higher inflation and slower economic growth.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
