China tariffs may drop to 50–65%, Trump 2.0 to look at lowerinf duties after talks with Xi govt

China tariffs may drop to 50–65%, Trump 2.0 to look at lowerinf duties after talks with Xi govt

Treasury Secretary Scott Bessent said both countries see the current rates as unsustainable. Sources said that the US’ duties on China could drop significantly from 145 per cent. China has retaliated with 125 per cent tariffs on US imports

(File) Chinese President Xi Jinping and US President Donald Trump are engaged in a trade war. AP