U.S. weighs slashing China tariffs to 50% - NYP

Frank DeMatteo

Thu, May 8, 2025, 1:33 PM 1 min read

Investing.com -- The Trump medication is considering lowering the tariffs connected China to 50% from 145% arsenic soon arsenic adjacent week, arsenic the 2 sides are acceptable to conscionable for the archetypal clip for ceremonial talks, the New York Post reported Thursday afternoon, citing sources.

In addition, tariffs connected neighboring South Asian countries could beryllium chopped to 25%, the root added.

“They are going to beryllium bringing it down to 50% portion the negotiations are ongoing,” the root told the NYP.

Treasury Secretary Scott Bessent volition conscionable with the pb typical connected economical matters from China successful Switzerland, wherever helium travels today.

The reports travel “productive” meetings held by the CEOs of respective big-box stores astatine the White House astatine the extremity of April.

Jay Foreman, CEO of Basic Fun, was quoted successful the nonfiction saying, “the fig that emerged to get the ships flowing retired of China was 54%”

The White House is calling reports of little tariffs "pure speculation."

“When decisions connected tariffs are made, they volition travel straight from the President. Anything other is conscionable axenic speculation,” White House spokesperson Kush Desai told NYT successful a statement.

President Trump addressed lowering tariffs connected China astatine today’s property conference, announcing the signing of his archetypal commercialized woody with the UK.

"Well, it could be,” Trump said. “We’re going to see. Right now, you can’t get immoderate higher... I deliberation we’re going to person a precise bully relationship."

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