#TRUMP Proposes to lower tariffs to China to 80% before key negotiations, but alarms Investors
The president #DonaldTrump announced on Truth Social his willingness to reduce tariffs to #china to 80%, a figure lower than the current 145% on many Chinese products, but significantly higher than the 10% of the recent trade agreement with the United Kingdom.
The statement, made ahead of crucial trade talks in Switzerland led by Treasury Secretary Scott Bessent, generates uncertainty among investors and business leaders, who fear that an 80% tariff would still be prohibitive for trade.
It is unclear whether Trump sees this rate as a long-term measure or a starting point for negotiations.
