Trump Administration's Potential Tariff Cuts on Chinese Goods

The Trump administration is reportedly considering reducing the high tariffs on Chinese imports significantly, a move that could come as early as next week. However, the White House has dismissed these reports as speculative, emphasizing that tariff decisions will be announced by the President.

The Trump administration is reportedly contemplating a significant reduction in tariffs on Chinese imports, currently set at 145%, with potential changes expected as early as next week, according to sources cited by the New York Post.

Despite these reports, the White House has categorically dismissed the information, calling it speculative in nature. A spokesperson emphasized that any tariff decisions would be directly communicated by President Trump himself.

While details remain uncertain, the possible tariff cut reflects ongoing considerations in the administration's trade policy towards China.

(With inputs from agencies.)