Trump tariffs live updates: US won't drop China tariffs without something 'substantial'

A majority of Americans disapprove of some of the second Trump administration's key economic actions, including increased tariffs and cuts to federal agencies, a poll from the Pew Research Center published Wednesday found.

Conducted earlier this month, the poll found that 39% of Americans approve of increasing tariffs on goods imported from most U.S. traders, while 59% disapprove, and 1% did not answer.

Overall, 59% of U.S. Americans disapprove of President Donald Trump's general job performance, while 40% approve and 1% did not answer.

– ABC News' Oren Oppenheim

When asked about the timeline for a reduction in tariffs against China while speaking on Fox News Wednesday afternoon, White House press secretary Karoline Leavitt was firm in her response that there will be "no unilateral reduction in tariffs" against China.

"Let me be clear. There will be no unilateral reduction in tariffs against China. The president has made it clear, China needs to make a deal with the United States of America," Leavitt said.

She added they are "optimistic" that a deal will happen, and that it is "up to the president" what the tariff rate will be.

In an interview with CNBC, Boeing CEO Kelly Ortberg said China has sent back planes and added that the country has also stopped taking any further deliveries due to tariffs.

"I think we've got two of those already back, and we're bringing the third airplane back. They have, in fact, stopped taking delivery of aircraft due to the tariff environment. We have roughly 50 airplanes in our plan this year going into China. So we're going to be pretty pragmatic with what we do here for those airplanes that haven't been built yet."

The CEO said Boeing does not currently expect any negative cost impacts from the tariffs, but added that its focus is to keep the supply chain healthy and be able to make deliveries.

In the Boeing Q1 earnings call, Ortberg reiterated his remarks to CNBC on customers in China not taking deliveries and said Boeing continues to work with the Trump administration on tariffs.

"It's an unfortunate situation, but we have many customers who want near-term deliveries, so we plan to redirect the supply to the stable demand," Ortberg said. "We're not going to continue to build aircraft for customers who will not take them."

-- ABC News' Clara McMichael, Ayesha Ali, and Sam Sweeney

Speaking before the Institute of International Finance, Treasury Secretary Scott Bessent leveled criticism of the World Bank and International Monetary Fund, urging them to go "back to basics" in their focus as financial institutions, but also offered support, stressing the United States' desire to continue its leadership role.

"America First does not mean America alone. To the contrary, it is a call for deeper collaboration and mutual respect among trade partners," Bessent said. "Far from stepping back, America First seeks to expand U.S. leadership in international institutions like the IMF and World Bank."

The U.S. commitment to the institutions is notable, as some feared the U.S. could walk away from the IMF and World Bank under President Donald Trump.

"The IMF has suffered from mission creep," Bessent said while criticizing the IMF and World Bank.

"The IMF was once unwavering in its mission of promoting global monetary cooperation and financial stability. Now it devotes disproportionate time and resources to work on climate change, gender, and social issues," Bessent said, adding that these are "not the IMF's mission."

This criticism comes one day after the IMF warned that the U.S. and the global economy will be hit hard following Trump's tariffs.

— ABC News' Molly Nagle and Kelsey Walsh