President Donald Trump is considering reducing tariffs on China from 145% to 80% in an effort to ease tensions and de-escalate the ongoing trade war between the two nations. This potential tariff cut comes ahead of a weekend meeting between top US officials and a high-level Chinese delegation in Switzerland, marking the first significant talks since the trade conflict began.

The trade war, initiated by Trump’s tariffs on Chinese imports, has adversely impacted both countries, with the US imposing tariffs of 145% on Chinese goods and China responding with tariffs of 125% on US products. Amid mounting concerns over the effects of these tariffs on consumer goods, trade representatives from both nations are set to engage in crucial discussions to address the escalating trade tensions.

China, the world’s largest exporter and second-largest economy, has seen a significant decline in trade with the US, with exports to the US dropping by 17.6% in April. Despite this, China’s total exports exceeded expectations, indicating resilience in the face of trade challenges.

As negotiations loom, President Trump has hinted at the possibility of reducing tariffs, emphasizing the importance of establishing a positive relationship with China. Meanwhile, Chinese officials have expressed confidence in their ability to handle trade issues with the US, underscoring their commitment to managing the ongoing trade dispute effectively.

Amidst economic uncertainties and shifting trade dynamics, the outcome of the upcoming talks between the US and China holds significant implications for global trade relations and market stability.