May 23, 2025
Ahead of talks in Geneva, Trump suggests lowering tariffs on Chinese goods
President Trump on Friday morning suggested an 80 percent tariff rate on Chinese goods – well below the 145 percent level now in place – “seems right,” deferring to Treasury Secretary Scott Bessent ahead of talks with Chinese officials in Geneva this weekend. Bessent and U.S. Trade Representative Jamieson Greer will meet with Chinese counterparts in Switzerland to begin trade negotiations following Trump’s imposition and escalation of tariffs – because, he said, the country isn’t doing enough to stem the...
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