May 9th, 2025
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When President Trump talks about buying and selling things with other countries, it is not clear about the extra money added to things. His team thinks this is good because it helps him.
Trump says the US does not need agreements. He wants good deals. He can make new rules for trade alone.
Chad Bown wrote in an email, "It is difficult for me to understand it."
Some people think Trump has a plan for business. But many people are worried.
Trump wants to keep some taxes on things from other countries.
Trump said tariffs are good for the country and can make it rich.
This year, the U.S. government got a lot of money from taxes on things from other countries. It was more money than last year.
It is very hard for his plan to work and get the money needed.
America's leaders say 17 countries want to talk about trade and possible deals.
But leaders from other countries don't know what Trump wants or how to make a good deal. They also know Trump made a deal with Mexico and Canada in 2020, but then put new taxes on their things this year.
Canada's leader, Mr. Carney, talked with Mr. Trump. He said the new deal must be stronger. This is because of money charged on some goods this year. Canada thought this was not fair.
Carney said that some things need to change.
These extra taxes make talking harder.
The U.S. and China will talk this weekend in Switzerland.
China makes many things. It sells these things to other countries. This can hurt companies in other countries. The U.S. wants to change this trade.
China is a big part of this trade problem, Bessent said.
China says the US should stop bad talk and taxes to start talks.
The U.S. should talk to China to fix the problem.
On Wednesday, someone asked Trump if he would lower taxes on China. He said, "No."
The president said China was wrong about who wanted to talk.
Does Congress need to say yes to deals?
That is not always the case.
Trump used an old law to start taxes on trade. He said he did not need help from Congress.
Before, presidents made small deals about trade with other countries.
Trump wants other countries to change their rules, not just taxes.
The House and Senate must agree to the deal.
Is it a good deal if Trump just says OK?
Trump said he will make deals in the country. He will tax things from other countries if they don't agree. He already taxed some things. This made money markets go down. So, he stopped some taxes for 90 days. He made them lower while people talk.
Trump might not put new taxes on things from other countries if they do good things. Maybe he will stop the taxes and not get much.
People say Trump asks for a lot first, then changes his mind. We don't know if he will keep doing this.
May 9th, 2025
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