The Trump administration is considering reducing tariffs on Chinese imports, aiming to ease tensions with Beijing as trade negotiations continue, a source familiar with the matter said on Wednesday.
The Trump administration is exploring the possibility of lowering tariffs on Chinese goods as part of ongoing trade discussions with Beijing, according to a source familiar with the matter. The move would be made in coordination with negotiations rather than as a unilateral gesture.
The deliberations follow a report by the Wall Street Journal stating that the White House is considering reducing tariffs in an effort to de-escalate strained economic relations with China. Citing a White House official, the report suggested tariffs could be reduced to between 50% and 65%, down from the 145% rate President Donald Trump imposed after returning to office in January 2025.
While no final decision has been made, the discussions are ongoing and multiple policy options remain under review, the Journal reported.
The White House has not responded to requests for comment.
Financial markets responded positively to the news. U.S. stocks extended early gains, buoyed by Trump's comments late Tuesday that were perceived as conciliatory regarding China tariffs. His remarks also eased investor concerns following earlier threats to dismiss the Federal Reserve chair. The S&P 500 index rose by 3.3% in mid-morning trading, reaching a two-week high.
On Tuesday, President Trump voiced optimism about securing a trade agreement with China that would include significantly reduced tariffs. However, he also cautioned that if negotiations fail, he would enforce a unilateral deal.
"It won’t be that high," Trump said, referring to the current tariff levels. "It won’t be anywhere near that."
In addition to broad tariff reductions, the administration is reportedly evaluating a tiered tariff structure similar to a proposal made by a House committee on China in late 2024. That framework suggests 35% tariffs on goods deemed non-sensitive to U.S. national security, and rates of at least 100% on items considered strategically important. The plan would phase in those rates over five years.
Israel reportedly launched a fresh wave of attacks on Iran on Friday (20 March), a day after U.S. President Donald...
North Korean leader Kim Jong Un’s teenage daughter has been shown driving a battle tank in newly released state media images - an unusually p...
Tehran’s envoy in Mexico Abolfazi Pasandideh has called on the International Federation of Association Football (FIFA) to change its Wor...
NASA’s Perseverance rover has detected what scientists believe may be the underground remains of an ancient river delta on Mars, offering som...
Hungarian Prime Minister Viktor Orbán has refused to lift his opposition to a €90 billion ($104 billion) ...
One person has died after a cable car cabin at the Titlis ski resort in central Switzerland plunged down a snow-covered mountainside on Wednesday (18 March) amid strong winds.
U.S. President Donald Trump said Israel struck Iran’s South Pars gas field without U.S. or Qatari involvement, and warned that any Iranian attack on Qatar would prompt massive retaliation. The comments come as regional tensions soar after Tehran fired missiles at Gulf energy sites.
Israel reportedly launched a fresh wave of attacks on Iran on Friday (20 March), a day after U.S. President Donald Trump told it not to repeat its strikes on Iranian natural gas infrastructure, which sharply escalated the U.S.-Israeli war on Iran.
Festive events across Azerbaijan are bringing the spirit of Novruz to life, with the Gala State Historical and Ethnographic Reserve hosting its annual “Spring Fortress” celebration. Visitors are immersed in a historic setting, surrounded by colourful decorations and live performances.
Transport groups across the Philippines launched a nationwide strike on Thursday in protest against rising oil prices. The action affected 15 to 20 protest centres in Metro Manila, with similar demonstrations taking place across several major provinces.
The French government’s bid to suspend the marketplace of Chinese online retailer Shein in the country has been overruled by a Paris Court of Appeal.
The prevailing security situation in the region has done little to deter entrepreneurs from the Commonwealth of Independent States (CIS) who continue to view Dubai as a premier and safe location for business.
China has raised the retail prices of petrol and diesel after global oil prices climbed sharply. The country’s top economic planning body, the National Development and Reform Commission (NDRC), announced the move after reviewing international oil market trends.
Global financial markets remained on edge on Friday as the escalating war involving the United States, Israel and Iran continued to rattle investors, fuelling volatility in stocks and sending energy prices sharply higher.
China’s top leadership has unveiled a new push to turn advanced technologies into large-scale industrial priorities as part of the country’s upcoming 15th Five-Year Plan, which will guide economic and social development from 2026 to 2030.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment