Trump says China tariffs will decrease 'substantially'
The statement from Trump potentially signals a shift in the ongoing trade war with China.
President Donald Trump says his tariffs on Chinese goods will “come down substantially, but it won’t be zero.”
“145 percent is very high, and it won’t be that high,” Trump said Tuesday during Oval Office event, according to CNN. "It won’t be anywhere near that high. It’ll come down substantially. But it won’t be zero.”
The statement from Trump potentially signals a shift in the ongoing trade war with China.
Earlier this month, Trump announced a slew of tariffs on multiple countries but put a 90-day pause on them due to many reaching out for negotiations. However, the U.S. kept tariffs on China.
Last week, Trump suggested a tariff deal between the two countries could be reached in three to four weeks.