President Donald Trump hinted on Friday, ahead of crucial trade talks, at his readiness to reduce tariffs on China to 80%, but this level may still be higher than what investors and business leaders had hoped. Trump said in a post on Truth Social: "An 80% tariff on China seems appropriate! It is up to Scott P." The reference is to U.S. Treasury Secretary Scott Pient, who is one of the officials representing the United States in its meetings with their Chinese counterparts in meetings in Switzerland this weekend.

Imposing an 80% tariff would be a significant reduction from the 145% tariffs that many Chinese goods currently face. However, this figure could still be considered steep for trade. It is also much higher than the base tariff of 10% in the trade agreement between the United States and the United Kingdom that was announced on Thursday. It is unclear whether Trump wants the 80% rate to be the long-term tariff for China, or whether it should be considered a step in negotiations. In a separate post, Trump said, "Many trade deals are in the works, all good (great!)!".$BTC #ABU_ALZAHB #تداول_العملات_المشفرة #ابوالذهب