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Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?


To: Les H who wrote (45845)5/11/2025 3:05:31 PM
From: Les H  Read Replies (2) | Respond to of 48815
 
US weighs plan to slash China tariffs to as low as 50% — down from 145% — as soon as next week: sources
By Lisa Fickenscher and James Franey
NY Post
Published May 8, 2025

Specifically, US officials are discussing a proposal to lower President Trump’s punishing levy on China goods to between 50% and 54% as they begin what promise to be lengthy talks to hammer out a trade agreement, hedge fund managers privy to the negotiations said.

Meanwhile, trade taxes on neighboring south Asian countries would be cut to 25%, the source added.

“They are going to be bringing it down to 50% while the negotiations are ongoing,” the source said of the trade tax on China.

nypost.com

Chinese officials apparently walked out on Saturday's talks.