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President Trump signaled Friday he’s open to slashing tariffs on Chinese imports, aiming to ease trade tensions following his “Liberation Day” declaration.
According to The Hill, he proposed cutting tariffs from 145% to 80%, amid Wall Street concerns and declining approval ratings tied to fears of a recession.
“80% Tariff on China seems right! Up to Scott B,” Trump wrote in a post on Truth Social, in reference to Treasury Department Secretary Scott Bessent.
The U.S. and China will hold trade talks in Switzerland this weekend, led by Treasury Secretary Bessent. President Trump recently paused most global reconciliation tariffs after market turmoil but kept a 10% tariff on most countries and a steep 145% on China. Beijing responded with higher tariffs of its own and has shown little urgency to negotiate.
Trump now suggests the China tariffs will be lowered, saying they’ve peaked and that China has more to gain from a deal. He also hinted Wednesday that any tariff cuts will come with conditions.
US President Donald Trump floated an 80% tariff on China in a social-media post Friday morning, saying “80% Tariff on China seems right! Up to Scott B,” and urging Beijing to do more to open their markets to US goods https://t.co/fbXYd4V1di pic.twitter.com/0rbZnhfFJR
— Bloomberg TV (@BloombergTV) May 9, 2025
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