President Donald Trump on Friday floated cutting tariffs on China from 145% to 80% ahead of a weekend meeting among top U.S. and Chinese trade officials as he looks to deescalate the trade war.
President Donald Trump on Friday floated cutting tariffs on China from 145% to 80% ahead of a weekend meeting among top U.S. and Chinese trade officials as he looks to deescalate the trade war.
Any tariff over 100% stalls trade completely. He’s probably feeling pressure over that.
Sounds like he’s negotiating with himself in the corner while China laughs at this point.