Fox Business host Charles Payne predicted Tuesday on “Jesse Watters Primetime” that China will cut a deal with the U.S. on tariffs — if not before the summer ends then “certainly before the year’s over.”
Talks between Chinese officials and Treasury Secretary Scott Bessent were scheduled for Monday and Tuesday to discuss a potential tariff deal, marking the third round of in-person negotiations, according to Bloomberg. While discussing former President Donald Trump’s success with tariffs, Fox News’ Jesse Watters asked Payne when he believes the U.S. could see a finalized deal with China. (RELATED: Trump Announces EU Trade Deal)
“It’s going to come home soon. It’s a much bigger situation. It’s a much harder negotiation. But the bottom line is, China is suffering,” Payne said. “Behind the scenes, I saw a couple of clips where some folks were saying China would win this.”
“No way in hell they’re going to win this thing. They’re suffering. They’re going to cut a deal before the summer’s over, certainly before the year’s over,” Payne added.
In April, Trump announced his “Liberation Day,” triggering reciprocal tariffs on several countries. While many were hit with a baseline 10% tariff, others, including China, faced steeper penalties due to their own rates against the U.S.
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While some countries reportedly began negotiating with the U.S. after “Liberation Day,” China instead escalated into a tariff war with Trump. Shortly after, Trump announced a 90-day pause on tariffs for all countries, except China.
Prior to his prediction on China’s timeline, Payne highlighted how he said Trump succeeded on tariffs.
“He’s rewriting the record books, but he’s also rewriting so many things. He’s rewriting tradecraft, he’s rewriting the way we go after these things. When they initially started talking about tariffs, I was reading where the average tariff agreement that America has come to throughout history has taken, on average, two and a half years,” Payne said. “But these guys, what do these diplomats do?”
“‘We’ll meet in Geneva at a five-star hotel and get together a couple of times and have a lavish meal, and then we’ll agree to meet six months later at a nice, beautiful place somewhere else, and then we’ll meet again, and then we’ll meet again.’ It’s just like he’s cutting to the chase. We’re the beautiful prize out there. Everyone wants to do business with us. But somehow, someway, along the line, we started apologizing for being great. As we started to apologize, the more we apologized, the less great we became,” Payne said.
Since the 90-day pause, Trump has secured deals with Japan, the Philippines, South Korea and Iraq. On Friday, he announced that due to the tariffs’ success, the administration is weighing rebate checks for Americans after a $27 billion budget surplus in June.
With other countries locking in agreements, China faces an Aug. 12 deadline before higher tariff rates kick in.
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