Washington is locked in a major power competition with Beijing. So, import duties on Chinese goods have no room for negotiation. Other countries can still work with America
With Trump slapping reciprocal tariffs on significant US trading partners, and a 10% baseline tariff on almost all countries, markets across the world are in turmoil. Japan was hit with 24% tariff and is planning to invest more both in US and in the domestic market to counter the impact. Tokyo hopes this will be an effective way to persuade Trump to soften the tariffs.