White House Weighs Major Cut In China Tariffs To Ease Trade War Tensions: Report

The US management is weighing a important simplification successful tariffs connected Chinese imports, perchance cutting them by much than half, successful a move aimed astatine de-escalating nan ongoing waste and acquisition standoff pinch Beijing, nan Wall Street Journal reported, quoting sources.

A elder White House charismatic said tariffs could beryllium lowered to astir 50–65%, down from nan existent levels of up to 145%. The management is besides evaluating a gradual building — akin to a House connection from past year—with 35% tariffs connected non-strategic equipment and 100% aliases much connected items deemed captious to U.S. nationalist security, phased successful complete 5 years.

President Trump, speaking Tuesday, confirmed he was unfastened to reducing nan tariffs imposed during his 2nd term.

Speaking to reporters astatine nan Oval Office, Trump said, “I americium not going to opportunity I americium going to play hardball pinch China, no. We’re going to beryllium very nice, they’re going to beryllium very bully and we will spot what happens. Ultimately they will person to make a woody different they are not going to beryllium capable to woody successful nan US. So, we want them progressive but they will person to make a deal."

He added: “145 per cent is very precocious and it won’t beryllium that high. It won’t beryllium anyplace adjacent that high. It’ll travel down substantially. But it won’t beryllium zero.” 

“But it won’t beryllium zero,” he said. The displacement successful reside was welcomed by investors, pursuing weeks of marketplace volatility triggered by escalating U.S.-China tensions.

China responded connected Wednesday, signaling openness to renewed waste and acquisition talks but warned it would not discuss nether continued threats. Trump’s remarks were interpreted successful Chinese policymaking circles arsenic a imaginable softening of his stance.

The latest developments people a departure from nan hardline exchanges that defined nan past month, offering a glimmer of dream that nan world’s 2 largest economies could return to nan negotiating table.

Published on: Apr 23, 2025 7:39 PM IST