The US president’s government is considering significantly reducing the high in Chinese imports – in some cases by more than half – in an attempt to divert the tensions with Beijing, which have upset global trade and investment, according to people.
Trump has not yet made a definitive decision, sources said, adding that discussions remain fluid and there are several options on the table. A senior White House official said duties in China would probably be reduced to about 50% to 65%.
The government is also considering a gradual approach, similar to the one proposed by the House Committee for China at the end of last year: 35% duties for products that, and at least 100% for products considered to be of strategic importance for US interests, according to some sources. The relevant bill provided for the gradual implementation of these duties within five years.
They put water in their Trump and China wine
Trump said on Tuesday that he was willing to reduce duties on Chinese products, saying that the 145% duties imposed on China during his second term would be reduced. “But they won’t be zero,” he said. , who had been worried about the White House’s aggressive moves in recent weeks.
China has shown that it is open to commercial talks with the US, though Beijing has warned that it would not negotiate under constant pressure and threats from the White House. In China’s policy circles, Trump’s comments on Tuesday were taken as a sign of retreat, according to people advising Chinese officials.
Expressions for agreement on both sides are a change over most of last month, during which the world’s two largest economies, contributing to the fall of stock markets worldwide, in their worst weeks for many years.
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