The United states president Donald Trump is considering slashing tariffs placed on China by 50% to 65%.
The World Street Journal (WSJ) report that the development is aimed at de-escalating economic tension between Washington and Beijing which also affect global economy.
White House official was quoted as saying that the China tariffs could come down from their current level of 145% to between 50% and 65%.
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“We are going to have a fair deal with China,” Trump told reporters on Wednesday, but did not address the specifics of the Journal report.
His remarks followed optimistic comments he made on Tuesday that a deal to lower tariffs was possible.
White House spokesperson Kush Desai said any reports on tariffs were “pure speculation” unless they come directly from Trump.
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