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Trump says tariff on China will ‘come down substantially’ from 145 percent

  • U.S. President Donald Trump announced he would substantially lower the 145% tariffs on Chinese goods, acknowledging that the rate was 'very high' and not sustainable.
  • China's Foreign Ministry reiterated that the door for talks is wide open and no one wins in trade wars.
  • Trump stated he has no intention of firing U.S. Federal Reserve Chair Jerome Powell, despite previous comments that created market jitters.
  • Treasury Secretary Scott Bessent mentioned negotiations with China would be a slog, but both sides agree the current situation is untenable.
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The Washington Post broke the news in on Tuesday, April 22, 2025.
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