US plans to reduce tariffs on Chinese goods to 54%

The administration of US President Donald Trump plans to reduce tariffs on Chinese imports from 145% to 50–54% during negotiations with Beijing, reports Kursiv .

Washington is expected to ease its tariff policy towards China starting next week. Additionally, Washington intends to lower tariffs for South Asian countries to 25%.

In late April, Trump stated that the tariffs he imposed on Chinese goods were too high. He noted that the tariffs would be significantly reduced but would not be eliminated entirely. The president added that he intends to conduct trade negotiations with China in a friendly manner to achieve results.