Trump suggests cutting China tariff rate to still-high 80%

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.
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