Trump Team Races to Form Trade Deals After Tariffs Sow Global Chaos

The Trump administration is grappling with ongoing trade tensions with China, as some officials recognize the need to reduce tariffs they deemed unsustainable. The stock market, which has seen extreme volatility since Trump's inauguration in January 2017, including its worst trading days in years, reflects concerns about economic impact. During a Wednesday Oval Office discussion, Trump expressed a desire for a deal with China but emphasized that the outcome depends on their side, while downplaying fears about high tariffs harming small businesses and highlighting the U.S.'s engagement with 90 countries seeking trade deals without making progress yet.