Trump says tariff on China will ‘come down substantially’ from 145 percent

SUMMARY

President Trump said Tuesday that the steep 145% tariff on Chinese imports will “come down substantially” as part of a new trade agreement he expects to reach with Chinese President Xi Jinping. Speaking from the Oval Office, Trump emphasized that while tariffs won’t drop to zero, they’ll be significantly lower—reassuring markets and underscoring his confidence in getting a better deal for America. “We’re going to be very nice. They’re going to be very nice,” Trump said, adding that China must make a deal or risk losing access to the U.S. market. The 145% rate had remained in place for China even after Trump temporarily slashed tariffs to 10% for other nations during a 90-day negotiation window. Trump pointed to his strong relationship with Xi and said both sides would benefit from a reset. “They were taking us for a ride,” he said. “That won’t happen anymore.”