The president said reducing tariffs to 80 percent from the current 145 percent “sounds right,” as U.S. and Chinese negotiators prepare to meet in Switzerland.According to The New York Times, President Trump expressed openness to significantly reducing tariffs on Chinese imports, stating that an 80 percent tariff “seems right.” This comes as U.S. and Chinese negotiators prepare to meet in Switzerland this weekend for trade talks aimed at de-escalating tensions between the two countries and potentially reaching a broader trade agreement.
The current trade tensions between the United States and China have had a major impact on global markets and the economy. The negotiations this weekend are seen as a crucial step in resolving the conflict and finding a resolution that benefits both countries.
In a social media post, President Trump mentioned an 80 percent tariff on China and referenced Treasury Secretary Scott Bessent. This would be a significant decrease from the current 145 percent tariff that the U.S. has imposed on Chinese imports in recent months. However, even at 80 percent, trade between the two countries would still be heavily restricted. Chinese data released on Friday showed a 21 percent drop in shipments to the U.S. in April compared to the same period last year.
White House press secretary Karoline Leavitt clarified that the 80 percent figure was simply something that President Trump “threw out there” and any reduction in tariffs would only happen as part of a negotiation. She also reiterated that the president’s stance remains that tariffs will not be unilaterally lowered and concessions from China are necessary.
It is important to note that this information is still developing and subject to change as negotiations continue.
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