US weighs plan to slash China tariffs to as low as 50% — down from 145% — as soon as next week, according to New York Post citing sources
- Specifically, US officials are discussing a proposal to lower President Trump’s punishing levy on China goods to between 50% and 54% as they begin what promise to be lengthy talks to hammer out a trade agreement, sources close to the negotiations said.
- Meanwhile, trade taxes on neighboring south Asian countries would be cut to 25%, the source added.
- “They are going to be bringing it down to 50% while the negotiations are ongoing,” the source said of the trade tax on China.
08 May 2025 - 20:21- ForexImportant- Source: New York Post
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