The US administration, under President Donald Trump, is considering reducing tariffs on Chinese imports from 145 percent to between 50 and 65 percent, according to reports. US Treasury Secretary Scott Bessent highlighted the necessity for de-escalation before trade negotiations progress, suggesting that both countries acknowledge current rates are unsustainable. Despite optimism toward reaching a fair deal, there is caution conveyed in response to reports, with White House representatives calling any mentions of tariff changes mere speculation unless directly addressed by Trump.
The report suggested that cuts could be as high as 65 percent, as US Treasury Secretary Scott Bessent emphasized the need for de-escalation talks before trade negotiations could advance.
The White House is contemplating a reduction in tariffs on Chinese goods, which could drop from current rates of 145 percent to between 50 and 65 percent.
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