US President Donald Trump has indicated that the steep tariffs imposed on Chinese goods could soon be reduced, as both countries prepare for high-level trade negotiations in Switzerland this weekend.
Speaking at the White House during the announcement of a new trade agreement with the UK, Trump said the current 145% tariffs on Chinese imports were likely to decrease.
Referring to the import taxes introduced since his return to office, he commented that the rate had reached its peak and was expected to fall.
Trade officials from the US and China, including US Treasury Secretary Scott Bessent and China’s Vice Premier and economic policymaker He Lifeng, will meet in neutral Switzerland. Jamieson Greer, the US’s chief trade negotiator, is also expected to take part.
Trump expressed optimism about the talks, describing them as “friendly” and likely to be handled in an “elegant way.” He added that he believed China had a strong interest in making
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