🚨🇺🇸U.S. Considers #Cutting China Tariffs to 50%-54% as Trade Talks Loom
🔹Tariff Reduction: Trump administration may slash China tariffs from 145% to 50%-54% next week.
🔹Trade Talks: High-level discussions in Switzerland on May 9-12 with U.S. and Chinese officials.
🔹Retail Impact: Retailers preparing for tariff scenarios, especially in toy sectors.
🔹Market Reaction: Stocks climb in anticipation of a major trade deal.
-NYP, WSJ.