White House considers cutting China Tariffs to ease trade tensions
by National Marine Manufacturers Association 24 Apr 16:25 PDT
White House © National Marine Manufacturers Association
According to an April 23 Wall Street Journal report, President Trump is considering reducing the tariff rate on Chinese imports to 50-65%. While no final decision has been made, the administration is exploring a tiered approach, with lower tariffs on items not deemed a national security threat and higher tariffs on strategic products crucial to U.S. interests.
Key Points:
- The Trump administration may reduce tariffs on Chinese goods by more than half, potentially bringing them down to 50-65%.
- A tiered structure is under consideration, with 35% levies on items not seen as national security risks and higher rates for strategic goods.
- These potential tariff cuts are viewed as an effort to ease trade tensions and promote negotiations.
- China has expressed willingness to engage in trade talks, though it insists negotiations cannot proceed under continued U.S. threats.
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