Trump Considers Reducing Tariffs on China to Ease Trade War Tensions

President Donald Trump is reportedly considering cutting tariffs on Chinese imports from 145% to 80% as part of efforts to ease the ongoing trade war between the two countries. This announcement precedes a significant meeting between US and Chinese trade officials scheduled for this weekend in Switzerland.

In a statement on social media, Trump indicated this potential change - a major policy shift - referencing input from Treasury chief Scott Bessent. He also emphasized the importance of China opening its markets to US goods, stating that closed markets are no longer viable in the current economic climate.

The impending talks in Geneva mark the first high-level dialogue since tensions escalated earlier this year. Trade experts suggest that reducing tariffs could alleviate market worries over rising consumer goods prices and enhance diplomatic relations amid the ongoing trade conflict.

(With inputs from agencies.)