Trump says 80% tariff in China “seems to be correct”, seem before the trade talks

President Trump signaled on Friday that the United States is open to reducing tariffs in China.

“80% tariff for China seems to be right!” He wrote about the truth, his social media platform. “To Scott B.”

The conciliatory tone of Mr. Trump's post comes when Finance Minister Scott Bessent and the US trade representative Jamieson Greer are supposed to meet in Switzerland this weekend with Chinese negotiators.

In a separate post, Mr. Trump said China should open his markets to the USA “would be so good for you !!!” He wrote “closed markets no longer work !!!”

The two nations that act billions of goods every year have been at a tense gap since last month when Mr. Trump announced tariffs of up to 145% for Chinese imports. China has removed with a delivery of 125% for American goods.

The upcoming talks in Switzerland have been the first publicly announced meeting between the two nations since the beginning of the trade war. A spokesman for the Embassy of the People's Republic of China in the United States proposed in a statement on Wednesday that the United States was the one who initiated and initiated the talks.

“After China carefully rated the US messages, he decided to agree to conduct discussions,” said the spokesman on Wednesday in the online note. “The talks are held at the request of the US page.”

Last month, President Trump said that he spoke to the Chinese President Xi Jinping regarding the trade, but a Chinese spokesman for the Ministry of Commerce later Found thatReporters said that there were no negotiations.

A deal would be a welcome sign for companies that rely on Chinese imports To support their sales, and for American buyers who have already started See price hikes online.

Investors who are looking for less than 80% for a reduction

The Wall Street is also after a solution to the trade war between the USA and China, which has stimulated the volatility of the market in the past few weeks.

“Investors don't seem to seem much attention to Trump's 80% tariff for China.

“This means that media reports in the last 12 to 18 hours have suggested that US tariffs could be reduced to 50%-60%after the Geneva negotiations, and if this is not the case (or if they are only reduced to 80%), it would probably assemble a significant negative reaction in the markets.”

An analysis by UBS Global Wealth Management also suggests that the tariffs can continue to go under the 80% of the proposed Mr. Trump.

“We also believe that US China tariffs will ultimately point out around 34%as a more constructive tone and the beginning of high-ranking conversations in Switzerland that both sides are open for de-escalation and further negotiations,” said UBER Hoffmann-Burchardi, Chief Investment Officer at UBS Global Wealth Management in an email to CBS Moneywatch.

Shares stopped on Friday after Mr. Trump proposed that a new tariff set for Chinese goods could be on the table.

Mr. Trump on Thursday terminated a trade agreement With the United Kingdom that the United States will make progress when negotiating potential agreements with other large trading partners.

“Lots of trade transactions in the hopper, all the best (great!)!” Mr. Trump posted on his social platform of truth on Friday.