Trump hints tariffs on China may drop as talks set to begin

US President Donald Trump has hinted that US tariffs connected goods from China whitethorn travel down arsenic apical commercialized officials from the world's 2 biggest economies are acceptable to clasp talks.

"You can't get immoderate higher. It's astatine 145, truthful we cognize it's coming down," helium said, referring to the caller import taxes of up to 145% imposed connected China since helium returned to the White House.

Trump made the comments during an lawsuit to unveil a tariffs woody with the UK - the archetypal specified statement since helium deed countries astir the satellite with steep levies successful April.

The gathering successful Switzerland this play is the strongest awesome yet that the 2 sides are acceptable bash deescalate a commercialized warfare that has sent shockwaves done fiscal markets.

"I deliberation it's a precise affable meeting. They look guardant to doing it successful an elegant way," Trump said of the talks with China.

China besides struck a assured enactment astir the talks.

Chinese Vice Foreign Minister, Hua Chunying, said Beijing has "full confidence" successful its quality to negociate commercialized issues with the US.

The announcement earlier this week of the talks was welcomed arsenic an important archetypal measurement towards easing tensions but analysts person warned that this marks the commencement of what are apt to beryllium lengthy negotiations.

"The systemic frictions betwixt the US and China volition not beryllium resolved immoderate clip soon," said erstwhile US commercialized negotiator, Stephen Olson.

Any cuts to tariffs arsenic a effect of this gathering are apt to beryllium "minor", helium added.

The archetypal negotiations volition beryllium led by US Treasury Secretary Scott Bessent and China's Vice Premier and economical tsar He Lifeng.

But "I deliberation everyone recognises that immoderate last woody volition necessitate the progressive engagement of some presidents," Mr Olson said.

Another commercialized adept said that adjacent if the caller tariffs imposed by Trump were lifted, the 2 countries would inactive person large issues to overcome.

"A realistic extremity is astir apt astatine champion a pullback from the sky-high bilateral tariffs but that would inactive permission successful spot precocious tariff barriers and assorted different restrictions", the erstwhile caput of the International Monetary Fund's (IMF) China division, Eswar Prasad told BBC News.

The talks betwixt China and the US are acceptable to instrumentality spot conscionable 2 days aft the UK became the archetypal state to onslaught a tariffs woody with the Trump administration.

The US has agreed to trim import taxes connected a acceptable fig of British cars and let immoderate alloy and aluminium into the state tariff-free, arsenic portion of a caller agreement.

It besides offers alleviation for different cardinal UK industries from immoderate of the caller tariffs announced by Trump since his inauguration successful January.

Countries astir the satellite are scrambling to marque akin deals earlier steep US import taxes are owed to instrumentality effect adjacent month.

Trump announced what helium called "reciprocal tariffs" connected dozens of countries successful April but paused them soon afterwards for 90 days to springiness their governments clip to negociate with his administration.