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Trump plans to cut tariffs on China to 80%, ease tensions
The New Indian Express Kochi
|May 10, 2025
Top US officials are set for meeting with a high-level Chinese delegation in Switzerland
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US President Donald Trump on Friday floated cutting tariffs on China from 145% to 80% ahead of a weekend meeting among top US and Chinese trade officials as he looks to deescalate the trade war between the world's two largest economies.
Top US officials are set to meet with a high-level Chinese delegation in Switzerland in the first major talks between the nations since Trump sparked a trade war with stiff tariffs on imports.
"80% tariff on China seems right! Up to Scott B," Trump wrote on his social media account on Friday morning, referring to Scott Bessent, his Treasury chief, who has been a point person on trade. The Republican president also called on China to open its markets to the US, writing: "Would be so good for them!!! Closed markets don't work anymore!!!"
This story is from the May 10, 2025 edition of The New Indian Express Kochi.
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