President Donald Trump on Friday signaled that he may cut tariffs on China from 145 percent to 80 percent ahead of a meeting between the White House and top Chinese regime officials over the weekend.
The meeting is scheduled to take place in Switzerland, marking the first talks between the two major economies, coming weeks after Trump announced 145 percent duties on Chinese imports and Beijing responded with 125 percent tariffs on U.S. imports.
An “80 percent Tariff on China seems right! Up to Scott B,” Trump wrote on his social media account on Friday morning, referring to Treasury Secretary Scott Bessent.
The Republican president also suggested in a separate Truth Social post on Friday that China open its markets to the United States and its businesses, writing in all caps: “Would be so good for them!!! Closed markets don’t work anymore!!!”…