Trump swims, the China tariffs cut from 145% to 80% before the meeting

Washington (AP) – President Donald Trump On Friday, the tariffs in China shortened from 145% to 80%. A weekend meeting Among the Top -Us and Chinese trade officials when he tries to decalate the trade war between the two largest economies in the world.

Top US officials will meet with it A Chinese delegation on a high level In Switzerland in the first major conversations between the nations since Trump a trade war Stiff tariffs at imports.

“80% tariff in China seems to be correct! The Republican President also asked China to open his markets for the United States and wrote:” Would be so good for her !!! Completed markets no longer work !!! “

Jamieson Greer, a representative of Bessent and US trade, will meet the Chinese President of Vice in Geneva in the best known known discussions between the two countries in months, as the Trump administration and the Chinese Ministry of Commerce have stated. It comes in the middle of the growing US market that concerns about the effects of the tariffs on The prices and the range of consumer goods.

No country became tougher by Trump's trade war than China, the largest exporter in the world and the second largest economy. When Trump announced his “Liberation Day” tariffs on April 2, China retired with her own tariffs, a step that Trump saw as a lack of respect. The tariffs for the goods of the other have grown since then, with the US tariffs against China now at 145% and in China tariffs for the USA at 125%.

The US tariff contains a rate of 20%that is associated with Trump's claim that Beijing could no longer contain the chemicals produced for the production of fentanyl, and this part of the tariff is unlikely that the conversations of this weekend will be addressed.

While a tariff level of 80% for Chinese goods would be a significant reduction of currently 145%, this would still be extremely high importance that could cause problems with the supply chain and increase prices.

And even with the reduction, the tariff rate would still be higher than the combined 74% rate in China, which Trump announced on April 2 on April 2.

For China, experts say that Beijing would insist that every agreement on the US side is credible and implemented.

Trump had previously said that he would not reduce the tariffs against China to talk to content. But he showed signs of softening during an Oval Office appearance on Thursday when he said that he could reduce the price of 145% for Chinese goods if the weekend talks are going well.

“We'll see,” said Trump. “You can't get higher at the moment. It is at 145, so we know that it will come down.”

The president's team recognized that the tariff of 145% was not sustainable, since the taxes for this sentence were effectively an embargo for trading between the two countries.

However, it remains unclear how Trump can reconcile the contradictions in his declared goals. He wants large tariff income to compensate for his income tax cuts, but he also wants offers to increase market access for US goods that would probably require lower tariffs. His adjutants said he wanted to isolate China, but his tariffs for other trading partners make it difficult to create a permanent alliance for trade.

Trump's social media post was another sign that the president was essentially negotiate with yourself publicly about tariffs. He started, optimized, and then threatened more import taxes to constantly reverse, while he has brought his promises to tackle inflation with his claims that tariffs can tilt the global economy in favor of America.