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- Trump admin said to be weighing ~50% China tariff cut, but not unilaterally
Trump admin said to be weighing ~50% China tariff cut, but not unilaterally
Bay Area Times
April 24, 2025
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1. Trump admin said to be weighing ~50% China tariff cut, but not unilaterally
~50%-65% range reportedly eyed for Chinese import tariffs.
A tiered approach is said to be in play: 35% on non-critical items, 100% on those tied to national security.
The reported offer could be a trial balloon to entice China back to the table.
No unilateral offer from Trump to de-escalate, Treasury Secy. Scott Bessent said.
Wed.: China signaled it was open to trade talks with the U.S.
Separately, Trump is considering an exemption for automakers on some tariffs.
Separate from the 25% tariffs on imported vehicles and auto parts taking effect May 3.
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