White House Considers Slashing China Tariffs, in Some Cases by More Than Half: Report
- The United States administration is considering reducing tariffs on Chinese goods from 145 percent to between 50 and 65 percent, according to unnamed sources cited by Reuters.
- U.S. Treasury Secretary Scott Bessent indicated that both nations see current tariff levels as unsustainable, although specifics on negotiations were not provided.
- President Donald Trump stated, "We are going to have a fair deal with China," while emphasizing the need to resolve the trade war.
- The International Monetary Fund reported that these tariffs would slow global growth and increase debt, warning about the potential for economic consequences in the U.S.
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Oil Down Nearly 3% As White House Tariff Talk Rumors Fly
Oil prices declined on Wednesday even amid reports that the White House is contemplating significant cuts to tariffs on Chinese imports, a move that could reshape global trade dynamics and influence energy markets.
·London, United Kingdom
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Total News Sources98
Leaning Left7Leaning Right19Center14Last UpdatedBias Distribution48% Right
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48% Right
L 18%
C 35%
R 48%
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