Trump administration may half 145% China tariff to 50% next week: Report
[ad_1] File photo: US President Donald Trump (Picture credit: AP) The Trump administration is considering cutting the steep 145% tariff on Chinese imports by more than half, possibly as early as next week, as US and Chinese officials gear up for high-level trade talks in Switzerland, The New York Post reported, citing sources close to the negotiations.US officials are reportedly weighing a reduction of the levy to somewhere between 50% and 54%, a move aimed at easing tensions as trade negotiations unfold. The proposed cut, according to The Post, would be accompanied by a separate plan to lower tariffs on imports from neighbouring South Asian countries to 25%.“They are going to be bringing it down to 50% while the negotiations are ongoing,” a source was quoted as saying by The Post.US President Trump hinted at the potential tariff shift during […]