Trump Expresses Confidence in Trade Deals with EU and China Amid Escalating Tariff Pressures

President Donald Trump struck an unexpectedly optimistic tone Thursday, suggesting that the U.S. is well-positioned to finalize new trade agreements with both the European Union and China. The remarks came during a high-profile White House visit by Italian Prime Minister Giorgia Meloni, where global trade policy and economic cooperation were front and center.

Though Meloni’s visit was scheduled prior to the administration’s latest wave of sweeping tariffs, it became a pivotal moment for Trump to defend his protectionist stance while signaling a potential opening for negotiations.

🗣️ “We’re going to make a deal. I think we’re going to make a very good deal with China,” Trump said during a lunch meeting with Meloni. “And I think we’ll have very little problem making a deal with Europe or anybody else.”

His comments follow weeks of heightened trade tension and aggressive tariff implementation, which have strained relationships with both allies and adversaries.

🔍 Background: A New Era of Tariffs

Earlier this month, Trump announced a baseline 10% tariff on all imports, marking a return to hardline protectionism reminiscent of his first term. In addition to the blanket rate, the administration imposed “reciprocal tariffs” on countries with significant trade surpluses with the U.S.

Countries hit with elevated rates include:

• 🇨🇳 China

• 🇪🇺 European Union

• 🇯🇵 Japan

• 🇮🇳 India

• 🇰🇷 South Korea

• 🇹🇭 Thailand

• 🇻🇳 Vietnam

• 🇰🇭 Cambodia

China was dealt the most severe blow—a 145% tariff on all goods exported to the U.S.—as the administration ramped up pressure amid an escalating trade war.

While the White House has temporarily lowered the higher reciprocal tariffs to 10% for a 90-day negotiation window, China has been excluded from this pause. Instead, Trump doubled down, asserting that Beijing needs to change its “unfair trade practices” before any concessions will be made.

🌐 Global Reaction & Economic Uncertainty

The rollout of these tariffs has sparked concern both domestically and abroad. Financial markets have experienced increased volatility as investors weigh the risk of prolonged trade disputes, retaliatory tariffs, and downstream impacts on supply chains.

Economists warn the current trajectory could:

• Push inflation higher by raising the cost of imported goods

• Strain consumer spending and business investment

• Increase the risk of a near-term economic slowdown or recession

Despite these concerns, Trump remains adamant that the tariffs are a necessary step to rebalance global trade and protect American industries.

📉 “Our partners have been taking advantage of us for too long,” he said in a recent statement. “We’re not backing down until the playing field is level.”

🇮🇹 The Meloni Meeting: Trade, Unity, and Strategic Positioning

Italian Prime Minister Giorgia Meloni’s visit provided a diplomatic backdrop for Trump to shift the narrative toward cooperation. Although her trip had broader diplomatic goals—including discussions on defense spending and immigration policy—the focus on trade provided Trump an opportunity to reframe his administration’s approach.

The two leaders emphasized their commitment to strengthening transatlantic ties and deepening economic cooperation between the U.S. and Italy. While Meloni did not directly address the tariff dispute in public remarks, sources say she advocated for de-escalation and open trade during private talks.

🧭 What’s Next: Deal or Deadlock?

While Trump’s optimistic remarks suggest a softening of tone, the path to actual trade deals remains uncertain. Key questions include:

• Will the EU offer concessions in exchange for tariff relief?

• Can U.S.–China negotiations move forward despite rising tensions?

• How will American businesses navigate ongoing uncertainty?

With the 90-day tariff rollback window for most countries already ticking, the coming weeks will be crucial for trade diplomats and industry leaders alike.

One thing is clear: while Trump’s rhetoric hints at resolution, the underlying policy remains aggressive. Whether this strategy leads to breakthrough agreements—or deeper divides—will shape global markets heading into the summer.