POLITICS
Trump suggests cutting China tariff rate to still-high 80% ahead of Switzerland talks
KEY POINTS
- An 80% levy would be a significant reduction from the 145% tariff currently facing many Chinese goods. However, that number could still be seen as prohibitive to trade.
- It is unclear if Trump wants the 80% rate to be the long-term tariff for China, or whether it should be viewed as a step in negotiations.
- China is seen as the key hurdle in Trump’s effort to shake up the global trading environment.
