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Trump holds firm on tariffs without Chinese concessions

Published 09/05/2025, 18:36
© Reuters.

Investing.com -- President Donald Trump continues to assert that the United States will not unilaterally reduce tariffs on Chinese goods without China making certain concessions, according to a statement from the White House on Friday. This announcement came just hours after President Trump suggested the possibility of lowering the current tariff rate from 145% to 80%. This suggestion comes as the two nations prepare for upcoming discussions in Switzerland.

According to White House Press Secretary Karoline Leavitt, the proposed reduction to 80% is a figure that the president casually mentioned. "That was a number the president threw out there, and we’ll see what happens this weekend," Leavitt informed the press. The outcome of this issue will be determined in the forthcoming talks between the two nations.

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