[Regnum] The White House may announce a reduction in customs duties on goods from China from 145% to 50% next week. This was reported on May 8 by the New York Post.
“While negotiations are ongoing, they are going to reduce them (duties. — Ed.) to 50%,” the publication’s source said.
It is noted that trade talks between delegations from Washington and Beijing will take place in Switzerland at the end of the week. According to the newspaper, the discussion process will be lengthy.
As reported by the Regnum news agency, on May 8, US President Donald Trump said that Washington would eventually reduce import duties on Chinese goods. According to him, the tariffs have reached their limit and cannot go higher. In April, the head of the White House also noted that duties would be reduced, but not to 0%.
On April 28, the Wall Street Journal also reported that Trump's tariffs were a "gift" to Chinese President Xi Jinping. It was noted that the measures gave Beijing the opportunity to attract many countries, as China emerged as a more reliable giant market.