💸 #Trump floats 80% tariff on China "seems right" ahead of weekend Switzerland talks with Chinese officials.
Treasury Secretary #Bessent will meet economic tsar He Lifeng as White House confirms "no unilateral tariff reduction" without concessions. Current 145% rate has disrupted global supply chains, while #China retaliated with rare earth export curbs and 125% tariffs on #US goods.
Even reduced 80% rate would keep import taxes at triple pre-Trump levels, economists note.
