May 9th, 2025
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When the President talks about trade, the rules for taxes on things from other countries are not clear.
Trump says the U.S. does not need deals. He says he wants fair deals for everyone. He says he might put taxes on goods from other countries by himself.
Chad Bown wrote in an email, "It is difficult for me to understand it."
Many people are worried about the future. Trump says things will be good, but people are not sure.
Trump wants to keep some taxes on things from other countries.
Trump said tariffs are good. He said they can make the country rich, pay off debt, and lower taxes.
This year, the U.S. government got $45.9 billion from taxes on things from other countries. This is more money than last year. This money might go up a lot because of the taxes on things from China, and taxes on metal and cars from Mexico and Canada.
To pay back the big debt and make taxes lower, Trump's tariffs would need to get $2 trillion each year. But this might make the economy bad, and then the government would get less money from taxes. This would be very hard to do.
Many countries want to talk about buying and selling things together. They want to find good ideas that everyone can agree on. This is the first step before they can start talking about trade.
Other country leaders do not know what Trump wants. They do not know how deals can last a long time. Trump made a deal with Mexico and Canada in 2020. But this year, he put new taxes on things from those countries.
The Canadian leader talked to Trump. He said the new deal must be better. This is to stop problems with taxes on goods.
Some things must change, Carney said.
High taxes on things from China and the U.S. make talks difficult.
USA and China will talk this weekend in Switzerland to make things better.
China makes many things and sells them to other countries. This is why other countries buy from China.
China is a big part of this trade problem.
China says the USA should be nicer and stop taxes to talk again.
Lin said the U.S. should talk to China to fix the problem.
Someone asked Trump about cutting taxes on China for talks. Trump said no.
The leader said China was wrong about who wanted the meeting.
Does Congress need to say yes to deals?
It might not be true.
Trump put taxes on things from other countries. He used a special rule. Some people did not like this and went to court. Trump's team said they could change the taxes alone.
Before, presidents could only make small deals about trade.
Trump wants countries to change their rules for goods.
The House and Senate need to say yes to finish a deal. This deal is about trade rules and changing US laws.
Is it a good deal if Trump just says okay?
Trump says he will make deals and put taxes on goods from other countries.
Trump might not use the new taxes if other countries give him things.
Trump asks for a lot and then changes his mind. Other countries want to talk about trade, but he says no.
May 9th, 2025
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