President Donald Trump has indicated that tariffs on Chinese goods may soon be reduced, ahead of key trade talks between US and Chinese officials in Switzerland, BBC reported.
“You can’t get any higher. It’s at 145, so we know it’s coming down,” he said, alluding to the current import taxes of up to 145% on Chinese products.The negotiations could be a turning point in the ongoing trade battle.
China's Vice Foreign Minister Hua Chunying voiced confidence in managing trade tensions, although analysts believe both sides are under mounting economic pressure and willing to negotiate a modest de-escalation, as stated by BBC.
