Reported about 10 hours ago
President Donald Trump has proposed cutting tariffs on Chinese goods from 145% to 80% ahead of a crucial trade meeting with Chinese officials in Switzerland, aiming to deescalate the ongoing trade war. His suggestion came as market concerns grow over the impact of tariffs on consumer goods. While Trump previously resisted lowering tariffs, he indicated a willingness to do so if talks proceed positively, acknowledging that the current high rates were unsustainable.
Source: YAHOO