Trump Proposes 80% Tariff as Trade Talks Loom

Amid escalating tensions between the U.S. and China, President Trump has proposed an 80% tariff on Chinese goods, a significant reduction from the current 145%. Talks in Geneva involving key economic figures from both nations aim to address the trade dispute impacting global supply chains and market stability.

U.S. President Donald Trump has suggested an 80% tariff on Chinese goods, marking a notable shift from the existing 145% levies implemented on imports from China. Trump's proposal comes ahead of critical talks in Geneva aimed at resolving the ongoing trade conflict between the world's two largest economies.

The meeting will involve key figures such as U.S. Treasury Secretary Scott Bessent and trade negotiator Jamieson Greer, who will engage with China's economic chief, He Lifeng. These discussions are viewed as crucial steps towards de-escalating tensions, which have already disrupted global supply chains and caused volatility in financial markets.

Trump's tariff proposal has faced criticism and resistance from China, which considers the U.S. tactics unsustainable and abusive. Despite Trump's assertions, the proposed tariff rate remains considerably high, leaving its reception in China uncertain. The global economic community is closely monitoring these developments.

(With inputs from agencies.)