Tariff Tensions: Trump Aims to Cut China Tariffs Amid Trade Talks
President Donald Trump announced plans to potentially reduce tariffs on China from 145% to 80% as he seeks to deescalate the ongoing trade war. Top US and Chinese officials will meet to discuss trade relations, amid concerns about the impact of high tariffs on consumer goods prices.
- Country:
- United States
President Donald Trump has indicated a willingness to potentially reduce tariffs on Chinese imports from the current rate of 145% to 80%. This announcement comes ahead of high-stakes trade discussions between the United States and China scheduled for this weekend in Switzerland.
Trump's proposal, aimed at deescalating the trade conflict between the two superpowers, was shared via his social media platform. High-ranking officials, including US Treasury Chief Scott Bessent and Chinese Vice Premier He Lifeng, are expected to convene in Switzerland to negotiate terms.
Amid fears of rising consumer goods prices in the US, Trump is considering tariff reductions while urging China to open its markets to American products. This is part of broader efforts to ease the economic tensions that have been mounting between the two nations.
(With inputs from agencies.)
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