The Trump administration is reportedly considering a significant reduction in tariffs on Chinese imports, cutting them from the current 145% to slightly over 50%, potentially starting as early as next week. This development comes as American and Chinese representatives gear up for high-stakes trade negotiations in Switzerland.
According to individuals familiar with the ongoing talks, U.S. officials are evaluating a proposal to bring the tariffs down to somewhere between 50% and 54%. This shift would mark the beginning of extended discussions aimed at achieving a broader trade deal with Beijing.
In addition to the changes targeting Chinese goods, tariffs on other South Asian nations could also be revised downward, possibly to 25%, one insider revealed.
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