As American and Chinese business officials convene in Switzerland for important negotiations, the Trump administration is anticipated to announce a major reduction in tariffs on Chinese imports. According to sources, businesses may reduce their current 145 % tariffs on Chinese goods to between 50 % and 54 %, which they believe will be more sustainable. Taxes on other Asian nations may be lowered to 25 % at the same time. Following days of discussions and meetings between senior US leaders and business figures, including Executives from Walmart, Target, and Home Depot, the choice is still awaiting official authorization. The current price level, which Treasury Secretary Scott Bessent just described as” not sustainable,” gave rise to renewed optimism about a change. Kush Desai, a spokesman for the White House, however, said only that President Trump had make tariff decisions immediately and that he would not confirm any data.
