Trump Floats Cutting China Tariffs To 80% Ahead Of Meeting As He Looks To Deescalate Trade War
HuffPost
Top U.S. officials are set to meet with a high-level Chinese delegation this weekend in Switzerland in the first major talks since Trump sparked a trade war.
WASHINGTON (AP) — President Donald Trump on Friday floated cutting tariffs on China to 80% ahead of a weekend meeting as he looks to deescalate the trade war.
Top U.S. officials are set to meet with a high-level Chinese delegation this weekend in Switzerland in the first major talks between the two nations since Trump sparked a trade war with stiff tariffs on imports.
“80% Tariff on China seems right! Up to Scott B,” Trump wrote on his social media account on Friday morning, referring to Scott Bessent, his Treasury chief, who has been a point person on trade.
Bessent and U.S. Trade Representative Jamieson Greer will meet with their counterparts in Geneva in the most-senior known conversations between the two countries in months, the Trump administration announced Tuesday. It comes amid growing U.S. market worry over the impact of the tariffs on the prices and supply of consumer goods.
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