US President Donald Trump is signaling an unexpected turn in trade policy, announcing plans to ease tariffs on Chinese imports. While far from altruistic, the move is framed as a necessity for rebuilding business ties between Washington and Beijing.
Speaking on the issue, Trump said that he would reduce import tariffs on Chinese goods "at a certain point." According to the president, doing business with China would be "impossible" without some form of tariff relief.
However, Trump provided no timeline, leaving markets to speculate. He asserted that Beijing is desperate to do business with the US, claiming China's economy is "in very bad shape."
This is not the first time Trump has raised the possibility of scaling back tariffs. Recently, he acknowledged that the current 145% tariff rate on some Chinese imports is "very high, and it won't stay at that level." "It will decrease significantly, but it will not become zero," the US leader added.
