US EditionUS weighs plan to lower China tariffs to as low as 50%, New York Post reports
- The US government is considering lowering tariffs on Chinese imports from 145% to between 50% and 54% amid ongoing trade negotiations in Switzerland in early May 2025.
- This move follows a prolonged trade war, recent White House meetings with top retail CEOs, and signals from Treasury Secretary Scott Bessent that the current high tariffs are unsustainable.
- Retailers like Basic Fun, which imports about 80% of its toys from China, are cautiously optimistic and adjusting sourcing plans while awaiting clear decisions from the administration.
- Lawrence Rosen of Cra-Z-Art noted tariffs could be cut to 50%-54% for China and 25% for neighboring Asian countries, with retailers preparing price quotes under varied tariff scenarios.
- If implemented, the tariff reduction could ease trade tensions and impact holiday retail pricing, though a 50% tariff would still impose significant cost challenges.
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LIVE US | ‘US government considering drastic reduction of trade tariffs against China’
The US government is considering proposing a drastic reduction in trade tariffs during talks with China this weekend, Bloomberg news agency reports based on insiders. President Donald Trump's administration is aiming to reduce tariffs to below 60 percent, and China is said to be open to this. Follow all developments in America in our live blog.
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Total News Sources17
Leaning Left1Leaning Right3Center3Last UpdatedBias Distribution43% Center, 43% Right
Bias Distribution
- 43% of the sources are Center, 43% of the sources lean Right
43% Right
14%
C 43%
R 43%
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