Trump says china tariffs will drop "substantially - but it won't be zero

 

​On April 23, 2025, President Donald Trump announced that the United States would "substantially" reduce tariffs on Chinese imports, which had been set at 145%. However, he emphasized that the tariffs would not be eliminated entirely, stating, "it won't be zero" 

This decision follows remarks by U.S. Treasury Secretary Scott Bessent, who described the ongoing trade war with China as "unsustainable" and anticipated a de-escalation. The high tariffs had led to significant economic repercussions, including a downgrade in the global economic growth forecast by the International Monetary Fund to 2.8% for 2025, the lowest since the COVID-19 pandemic .

While formal negotiations have not yet commenced, the Trump administration is engaging in discussions with various countries, with 18 nations submitting proposals and meetings scheduled with representatives from 34 countries. Despite these developments, there are no current plans to rescind the baseline 10% tariffs, and China has cautioned other nations against trade agreements that could harm its interests .

President Trump's decision to reduce tariffs marks a significant shift in U.S.-China trade relations, aiming to alleviate economic tensions while maintaining certain protective measures.

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