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Trump Floats Tariff Cut on Chinese Goods to 80% Ahead of Swiss Trade Talks

Published: May. 10, 2025  6:20 a.m.  GMT+8
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U.S. President Donald Trump speaks to members of the media outside the West Wing of the White House in Washington, DC, on May 8, 2025. Photo: Bloomberg
U.S. President Donald Trump speaks to members of the media outside the West Wing of the White House in Washington, DC, on May 8, 2025. Photo: Bloomberg

U.S. President Donald Trump said on Friday he was considering lowering tariffs on Chinese imports from 145% to 80%, signaling a potential change of tone before high-level U.S.-China economic talks in Switzerland this weekend.

Posting on his social media platform, Trump wrote that an 80% tariff “seems right,” adding that the final decision would depend on how Treasury Secretary Scott Bessent handles the negotiations. “Up to Scott B.,” he wrote.

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  • President Trump is considering lowering tariffs on Chinese imports from 145% to 80%, pending upcoming negotiations in Switzerland.
  • U.S. and Chinese officials, including Vice Premier He Lifeng and Treasury Secretary Scott Bessent, will discuss potential de-escalation; current tariffs are 145% (U.S. on China) and 125% (China on U.S.).
  • China’s April exports rose 8.1% overall, but exports to the U.S. fell 21% year-on-year; ASEAN and India exports rose 20%.
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