Ahead of high-level U.S.-China trade talks in Switzerland, President Donald Trump has proposed reducing tariffs on Chinese goods from the current 145% to 80%, stating on Truth Social that an “80% Tariff on China seems right!” He added that the final decision would be up to Treasury Secretary Scott Bessent, who, along with U.S. Trade Representative Jamieson Greer, is leading the U.S. delegation in the negotiations.
This marks the first time Trump has suggested a specific lower tariff rate since escalating duties earlier this year. The proposed reduction is seen as a potential opening move to de-escalate the ongoing trade war, though analysts caution that an 80% tariff may still be too high to satisfy Chinese negotiators, who are reportedly seeking a reduction below 60%.
The trade tensions have had significant economic impacts, with Chinese exports to the U.S. dropping by 21% in April and U.S. retailers canceling orders amid steep tariffs. Economists warn that even an 80% tariff could continue to disrupt supply chains and lead to higher consumer prices.
The outcome of the Geneva talks remains uncertain, with both sides maintaining firm positions. While the U.S. administration has indicated a willingness to adjust tariffs, any concessions are expected to be contingent on reciprocal commitments from China
