President Trump on Friday signaled he’s willing to dramatically lower U.S. tariffs on Chinese imports, underscoring how the Trump administration wants to find progress in a trade war stepped by the new president’s “Liberation Day” announcement.
The tariffs have bit into Wall Street and raised fears the U.S. could enter a recession. They have also hit Trump hard when it comes to his approval ratings.
Trump on Friday said an 80 percent tariff on China seemed like the right number, which would dramatically drop the import tax on Beijing’s goods from 145 percent.
“80% Tariff on China seems right! Up to Scott B,” Trump wrote in a post on Truth Social, giving a nod to Treasury Department Secretary Scott Bessent.
The U.S. and China are set to hold trade talks with Chinese officials in Switzerland this weekend, with Bessent leading the charge.
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Trump signals he’s willing to lower China tariffs
- by: Ashleigh Fields
- 2025-05-09
- Source:
The Hill
- 05/09/2025
