By David Zimmermann | National Review
President Donald Trump on Friday floated reducing tariffs on China to 80 percent, down from the current 145 percent total, as Washington and Beijing officials prepare for an important meeting this weekend.
Trump indicated a lower tariff rate in a post on Truth Social, saying an “80% Tariff on China seems right!” The president added it remains “up to” Treasury Secretary Scott Bessent in negotiating a lower levy, though.
Bessent and U.S. Trade Representative Jamieson Greer traveled to Geneva, Switzerland, where they will meet with their Chinese counterparts. The meeting marks the first meaningful step toward resolving the trade tensions between the world’s two largest economies since the U.S. slapped tariffs on China.