May 9th, 2025
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When President Trump talks about trade, it is not clear.
Trump says the US does not need agreements. He says he wants fair deals for everyone. He can make new rules alone.
Chad Bown sent an email and said, "It is difficult for me to understand it."
Trump's book says he has a good plan, but many 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. He said they can help pay off money the country owes. He also said tariffs can make taxes lower for people.
The U.S. government got more money from taxes this year. It got $14.5 billion more than last year.
To pay back the money and make taxes lower, his plan needs a lot of money. This is very hard.
America's government said 17 countries want to talk about trade. They gave ideas for agreements.
But leaders from other countries don't know what Trump wants. They don't know how deals can stay good for a long time. They also know Trump made a deal with Mexico and Canada in 2020. But this year, he put new taxes on things from those countries.
Canada's leader talked to Trump. He said the new deal must be better. This is because of taxes on some things this year. Canada did not like these taxes.
"Some things must change," Carney said.
China has very high taxes on things from the U.S., and the U.S. has very high taxes on things from China. These taxes make talks hard. The person in charge of money for the U.S. says these taxes are not good.
The U.S. and China will have talks this weekend in Switzerland.
China makes many things and sells them to other countries. This can hurt businesses in those countries. China does not buy many things from other countries. The U.S. wants trade to be fair. The U.S. puts extra money on things from some countries, even friends.
China is a big part of trade, Bessent said.
China says the US should talk nicely and stop high taxes to start talks.
The U.S. should talk with China. They should be equal and respect each other. This can fix the problem.
On Wednesday, someone asked Trump about taxes on things from China. They asked if he would make them lower to start talking. Trump said, "No."
The president said China was wrong about who wanted the talks.
Does Congress need to agree to the deals?
It might not be correct.
Trump put extra taxes on things from other countries. He did this alone. The government did not help him. People were angry and went to court. Trump also said he could change the taxes later without the government.
Before, presidents could only make small deals about trade with other countries.
Trump wants other countries to change their rules.
The report said the House and Senate must say yes to the deal.
Is it a good deal if Trump just says yes?
Trump says he will make deals and add taxes on goods if other countries do not make him happy.
Maybe Trump will not put taxes on things from other countries. He will do this if they give something good to the U.S. This means the U.S. does not lose anything. But Trump might stop the taxes even if he gets little back.
Someone said Trump asks for a lot at first, and countries that want a normal talk are not getting it.
May 9th, 2025
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