US EditionTrump says 80% tariff on China ‘seems right’ ahead of U.S.-Beijing trade talks
- President Donald Trump said an 80% tariff on China 'seems right' ahead of weekend trade talks in Switzerland with top U.S. and Chinese officials.
- Trump's trade war began with stiff tariffs in early 2018, leading to tit-for-tat levies that have now reached 145% from the U.S. and 125% from China.
- The discussions are focused on easing trade disputes as tariffs have disrupted supply chains and increased market concerns, with Chinese shipments to the United States declining by 21% in the previous month.
- A spokesperson for the White House clarified that President Trump will not reduce tariffs on China without reciprocal concessions, although Trump indicated he might lower the tariffs if the upcoming negotiations prove successful.
- The potential tariff cut from 145% to 80% would still impose high import duties but could improve trade, though final outcomes depend on negotiation progress in Switzerland.
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The business of Jackson County
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US President Donald Trump raised Friday the possibility of reducing tariffs on China from 145% to 80% before a weekend meeting scheduled between the top US and China trade officials, while seeking to de-escalate the trade war between the two largest economies in the world.
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