US EditionWhite 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.
71 Articles
71 Articles
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.On Wednesday, April 23, at 1:46 p.m. Brent crude was trading down 2.73% at $65.60, while U.S. West Texas Intermediate (WTI) crude dropped 2.0% to $68.37, collapsing to a four-year low after reaching $81 in January. The Trump administr…
The Failure of Populist Economics: Then and Now
So here’s where things stand with America’s experiment in populist economics and all its top-down, interventionist wonders. Thankfully, there are some green shoots of hope! On the trade front, possible de-escalation. The Trump administration is considering cutting tariffs on Chinese imports, potentially slashing them by more than half to ease trade tensions with Beijing. One option under consideration is reducing tariffs to 50–65 percent or impl…
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