Trump Announces Significant Reduction in 145% Tariff on Chinese Imports

Washington D.C. – Former U.S. President Donald Trump has announced a major reduction in the hefty 145% tariff imposed on Chinese imports, marking a notable shift in the aggressive trade war stance between the two economic superpowers.

Speaking at a press conference at the White House, Trump said the tariffs would be “significantly lowered”, but emphasized that they would not be completely removed.

The announcement comes as U.S. Treasury officials warned that the current tariff levels had become “unsustainable,” raising hopes of easing trade tensions between the U.S. and China.

While Trump adopted a relatively softer tone, he made it clear that this was not a full retreat. “We’re doing fine with China. The tariffs won’t be as high,” he stated, signaling a more diplomatic approach without fully backing down.

Trump also expressed his desire to improve bilateral relations with China, directly addressing Chinese President Xi Jinping. “We’ll live happily together and ideally work very well,” Trump said during the briefing.

Chinese media outlets, particularly China Daily, interpreted this policy shift as an attempt to regain public approval amid falling popularity. Meanwhile, on China’s social media platform Weibo, Trump’s remarks trended under hashtags like “Trump admits defeat.”

Currently, the U.S. has imposed up to 145% tariffs on Chinese goods, prompting China to retaliate with 125% tariffs on U.S. products. This prolonged tariff war has disrupted global trade, unsettled financial markets, and contributed to rising inflation and higher interest rates.

As the trade landscape continues to evolve, global investors and economists are closely monitoring further developments between the U.S. and China, two of the world’s largest economies.