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by ALEXX ALTMAN-DEVILBISS | The National News Desk
Fri, May 9th 2025 at 8:58 AMUpdated Fri, May 9th 2025 at 9:38 AM
FILE - President Donald Trump shakes hands with China's President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, Japan, June 29, 2019. (AP Photo/Susan Walsh, File)
TOPICS:
TrumpTariffsChinaTradeNegotiationsMarketsReductionU.S.WASHINGTON (TNND) — President Donald Trump seems to be changing his tune on China tariffs and suggested a significant reduction for the country ahead of negotiations in Switzerland.
"80% tariff on China seems right! Up to Scott B." Trump wrote on Truth Social Friday morning.
High-level talks between the United States and China are set to take place this weekend with Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer.
The president also called on China to open its markets to the U.S., writing: “WOULD BE SO GOOD FOR THEM!!! CLOSED MARKETS DON’T WORK ANYMORE!!!”
The trade war with China has been mounting since February, when Trump signed an executive order imposing 25% tariffs on nearly all goods from Canada and Mexico and a 10% tariff on China.
When Trump announced his "Liberation Day" tariffs on April 2, China retaliated with tariffs of its own. Taxes are currently sitting at 145% on Chinese goods and 125% on American goods.
Trump previously said he was not open to lowering tariffs against China but showed signs of softening during talks in the Oval Office on Thursday.
“We’re going to see,” Trump said. “Right now, you can’t get any higher. It’s at 145, so we know it’s coming down."
On a positive note in the trade war, Trump agreed on Thursday to cut tariffs on U.K. autos, steel and aluminum as part of a planned "full" and "comprehensive" trade deal.
He described the deal as "fast-tracking" American goods, adding that "the final details are being written up."
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