Trump: Tariffs on China will be significantly reduced, but not to zero

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On April 23, the Bana News Agency reported that U.S. President Trump said, according to Soho News, that the current high tariffs imposed by the United States on China will be significantly reduced, but they will not reach zero. He stated that he would take a friendly approach instead of a strict one in negotiations with China. Earlier, U.S. Treasury Secretary Mnuchin said in a closed meeting with investors that the trade war between China and the United States is unsustainable, and he expects the trade war to calm down. Under the influence of this statement, the U.S. stock market sharply rebounded.