Trump Pressures China for Trade Agreement, Promises Tariff Reductions; Fed to Resume Collecting on Defaulted Student Loans

Today, President Trump provided additional insights into the ongoing U.S.-China trade tensions, announcing that tariffs on China will be lessened—though not completely removed. He cautioned that the United States will “dictate the terms” if Beijing does not consent to new trade agreements. These comments were made as the U.S. engages in trade discussions with numerous countries this week.