President Donald Trump has indicated a willingness to reduce tariffs on Chinese imports, potentially lowering them from the current 145% to between 50% and 80%. This development comes amid high-level trade negotiations between the United States and China in Geneva, aimed at de-escalating ongoing trade tensions.
The current tariff structure includes a universal 10% tariff on all imports, with an additional 125% specifically targeting Chinese goods, bringing the total to 145%. China has responded with retaliatory tariffs of 125% on U.S. exports.
During the Geneva talks, President Trump suggested that an 80% tariff on Chinese goods "seems right," though this remark was downplayed by White House press secretary Karoline Leavitt as a spontaneous comment rather than a definitive policy decision. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are leading the U.S. delegation in these discussions.
While no formal agreement has been reached, both sides have expressed a willingness to negotiate. The outcome of these talks could significantly influence global trade dynamics and economic relations between the two nations.
During the Geneva talks, President Trump suggested that an 80% tariff on Chinese goods "seems right," though this remark was downplayed by White House press secretary Karoline Leavitt as a spontaneous comment rather than a definitive policy decision.
Due to this statement, we still do not have a clear idea about the tariff. Most likely, if the tariff is reduced, we can focus on selling setups for gold.
