Trump Said China Tariffs Will 'Come Down Substantially' but Not to Zero - Business Insider

Key Announcement

President Trump stated that tariffs on Chinese goods, currently at 145%, will be significantly reduced but not eliminated. This follows comments from Treasury Secretary Scott Bessent characterizing the current situation as a trade embargo.

Details of the Announcement

Trump indicated that the high tariff rate is unsustainable, promising a substantial decrease, while maintaining that a complete removal is not on the table. He expressed a desire for improved US-China relations.

Background and Context

The announcement comes after a period of escalating trade tensions between the US and China, marked by reciprocal retaliatory tariffs. Trump has previously used tariffs as a negotiation tactic, suggesting potential tariff reductions in exchange for concessions from China, including on issues such as TikTok.

Further Information

• Trump previously suggested that he might not increase tariffs further despite China's actions.
• He has indicated willingness to reduce tariffs in exchange for favorable agreements.
• The current 145% US tariffs on Chinese goods are a response to earlier tariffs imposed by both countries.