White House Considers Slashing China Tariffs, in Some Cases by More Than Half: Report
- The Trump administration is considering reducing tariffs on Chinese imports by more than half to ease tensions with Beijing, according to people familiar with the matter.
- Tariffs could decrease from 145% to between 50% and 65%, potentially affecting trade between the U.S. And China.
- Treasury Secretary Scott Bessent emphasized the importance of balancing trade between the two countries, suggesting a cooperative approach.
- White House spokesperson Kush Desai stated that reports about tariff reductions are 'pure speculation' without Trump's confirmation.
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Oil Down Nearly 3% As White House Tariff Talk Rumors Fly
Oil prices declined on Wednesday even amid reports that the White House is contemplating significant cuts to tariffs on Chinese imports, a move that could reshape global trade dynamics and influence energy markets.
·London, United Kingdom
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Total News Sources98
Leaning Left7Leaning Right19Center14Last UpdatedBias Distribution48% Right
Bias Distribution
- 48% of the sources lean Right
48% Right
L 18%
C 35%
R 48%
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