Trump Predicts Trade Thaw: Tariffs on China May Fall

U.S. President Donald Trump announced potential reductions in tariffs on China, setting an optimistic tone ahead of key trade negotiations. Talks in Switzerland involving top officials aim to resolve the ongoing trade war. Trump expressed hope for a substantive agreement, emphasizing China's interest in opening its economy.

U.S. President Donald Trump has expressed optimism about the prospects of reducing punitive tariffs on China, as key trade negotiations between the two economic superpowers are set to take place this weekend. Speaking from the White House, Trump suggested that the trade barriers at 145% could lower, signaling a thaw in relations.

In a bid to ease tensions, Trump has pursued multiple trade deals globally. However, he has maintained tariffs on China due to ongoing disputes. This week's planned talks in Switzerland, involving senior U.S. and Chinese officials, are seen as a critical opportunity to resolve a trade conflict that has disrupted the global economy.

President Trump noted China's trade surplus with the U.S. and reiterated his desire for China to open its economy further. He indicated that the upcoming talks would be substantive, reflecting confidence that China is now ready to make significant economic concessions in the face of mounting pressures.

(With inputs from agencies.)