President Trump argues that tariffs up to 50% on foreign imports will benefit the US economy, claiming that high tariffs will attract companies to manufacture domestically.

Treasury Secretary Scott Bessent revealed Wednesday that he expects India to strike the first bilateral trade deal to avoid President Trump’s suite of “reciprocal” tariffs — with any potential agreement with China “put to the side” for now.

Beijing is going on an international charm campaign to coax other countries hit hard by “Liberation Day” tariffs to take on the U.S.