Trump's Tariff Gamble: Easing Tensions with China Amid Trade War
President Donald Trump is considering reducing tariffs on China to 80% in an effort to deescalate the ongoing trade war. High-level officials from both countries will convene in Switzerland, marking the most significant diplomatic engagement since the intensification of tariffs, affecting global markets and trade relations.
- Country:
- United States
In a move aimed at easing a tense economic standoff, President Donald Trump announced his consideration to cut tariffs on China to 80%. This announcement comes as US and Chinese officials prepare to meet in Switzerland to discuss trade relations over the weekend.
Top US officials, including Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer, will engage in talks with their Chinese counterparts in what is expected to be the most substantial diplomatic exchange between the two nations in recent months.
The escalating tariffs, which have seen US tariffs on Chinese goods reach 145% and Chinese tariffs on US products at 125%, have produced significant market concerns, particularly regarding their impact on consumer good prices and the global supply chain.
(With inputs from agencies.)
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- Donald Trump
- tariffs
- China
- trade war
- US officials
- China delegation
- Switzerland
- talks
- imports
- economy
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