White House: Trump will not unilaterally bring down tariffs on China, need to see concessions from China.
— TT3 (@TradingThomas3) May 9, 2025
Now it’s 80% tariffs on China up from 50% yesterday 😂. I can’t keep up.
It might as well be 145%. No trade happens at that level. pic.twitter.com/C2JMjlRD7M
— QE Infinity (@StealthQE4) May 9, 2025
The US is considering slashing its tariffs on China’s goods at trade talks this weekend, after President Trump’s promised that the 145% rate was “coming down.”
On Friday morning, Trump posted on Truth Social: “80% Tariff on China seems right! Up to Scott B,” referring to Treasury Secretary Scott Bessent. Bloomberg reported earlier that a more dramatic cut would be a first step, made in hopes of a matching tariff reduction by China.
The aim is to further deescalate the mounting trade war between the two countries, which threatens severe damage to the global economy — including to US businesses and consumers.