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Trump administration may half 145% China tariff to 50% next week: Report

IndiaTimes Friday, 9 May 2025
The Trump administration is reportedly considering slashing tariffs on Chinese imports from 145% to between 50% and 54%, potentially as early as next week, ahead of trade talks in Switzerland. Retail leaders have urged Trump to ease the tariff burden, and retailers are preparing for various outcomes.
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News video: Trump Prepares HUGE Trade Tariff Deal Reveal With UK, UK Pact To Hit China And Europe Hard

Trump Prepares HUGE Trade Tariff Deal Reveal With UK, UK Pact To Hit China And Europe Hard 03:12

 President Trump is set to announce a major trade deal with a “highly respected” nation—confirmed by insiders to be the UK. The deal may include U.S. tariff cuts on British steel, autos, and aluminum in exchange for the UK scrapping its digital services tax. Trump teased the agreement on social...

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