Trump signals cutting China tariffs 'substantially' if trade deal reached

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Trump signals cutting China tariffs 'substantially' if trade deal reached - Business Standard

Quick Summary:

Beijing had earlier expressed displeasure with comments Vice President JD Vance made about “Chinese peasants,” with one diplomat calling them “ignorant and disrespectful.

Beijing had indicated earlier this month that it wants to see a number of steps from the Trump administration before agreeing to any discussions, especially reining in disparaging remarks by members of his cabinet.

The 145 per cent duties Trump has placed on Chinese shipments this year remain in place, though he’s made exceptions for computers and popular consumer electronics.