US EditionTrump considers lowering tariffs on China to 80% ahead of trade talks
- President Donald Trump may lower the tariffs imposed on Chinese goods from 145% to 80% prior to an upcoming weekend discussion between senior U.S. And Chinese trade representatives in Switzerland.
- This development comes amid ongoing trade disputes, including China's decision to place 125% tariffs on American products and a recent 21% decline in Chinese shipments to the U.S.
- Senior U.S. Trade officials, including the Treasury Secretary and the Trade Representative, are scheduled to engage with their Chinese counterparts in Switzerland in an effort to ease tensions in the ongoing trade conflict amid reports of emerging supply chain issues.
- Economist Steve Cochrane noted that the proposed 80% tariff is so steep it is unlikely to restore trade between the nations, while China emphasized that it will uphold its principles, global fairness, and justice in any potential agreement.
- Trump affirmed he will not unilaterally lower tariffs without Chinese concessions but may reduce them if talks progress well, suggesting the trade war's toll is growing.
89 Articles
89 Articles
Trump Proposes Major Cut in China Tariffs, Signaling Shift in Trade War
President Donald Trump has expressed a readiness to drastically cut U.S. tariffs on Chinese imports, hinting at a potential 80% tariff as the new rate. What Happened: President Trump is considering a significant reduction in tariffs on Chinese goods. This move is interpreted as an effort to advance in the ongoing trade war, sparked by Trump’s “Liberation Day” announcement. The existing tariffs have notably influenced Wall Street and have sparked…
US-China talks: instead of 145, now 80% tariffs?
The first trade talks between the US and China will take place in Geneva. Ahead of the negotiations, US President Donald Trump estimated that 80% import tariffs on Chinese goods would be appropriate, thus mentioning for the first time an alternative to the currently applicable 145% tariffs.
Trump suggests openness to slashing China tariffs before trade talks - Hawaii Tribune-Herald
President Donald Trump suggested Friday that he was open to sharply reducing the tariffs the United States had imposed on China, as American and Chinese negotiators prepare to meet in Switzerland this weekend for high-stakes trade talks.
Tariffs: much-awaited negotiations this weekend between China and the United States to calm the game
Washington and Beijing meet this weekend to try to calm the game in a trade war launched by Donald Trump, whose harmful effects are felt on the world's first two economies.
Trump Poised to Pivot On China Tariff War, Reducing Them to 80%
Let’s get one thing straight. For decades, we’ve watched China play Uncle Sam like a fiddle, haven’t we? They’ve been content with plundering America, dumping... The post Trump Poised to Pivot On China Tariff War, Reducing Them to 80% appeared first on Patriot Journal.
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