US may cut China tariffs from 145% to 50% ahead of trade negotiations in Switzerland

The Trump administration is reportedly considering a substantial reduction in tariffs on Chinese goods, potentially lowering them from 145% to a more sustainable 50-54%. This move coincides with upcoming trade negotiations in Switzerland. Tariffs on other Asian nations might also decrease to 25%. The decision follows discussions with business leaders, including Walmart, Target, and Home Depot CEOs.