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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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News Facts Network broke the news in Greensboro, United States on Tuesday, April 22, 2025.
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