Fri, 09 May 2025

Fri, 09 May 2025 Trump hints tariffs on China may drop as talks set to begin

US President's comments come as top officials from Washington and Beijing meet hold talks in Switzerland.

* US President Donald Trump hints that tariffs on Chinese goods may decrease
* Top trade officials from the US and China will hold talks in Switzerland this weekend
* The meeting marks a strong signal that both sides want to deescalate the trade war
* Analysts warn that negotiations will be lengthy and minor tariff cuts are likely
* Initial negotiations will be led by US Treasury Secretary Scott Bessent and China's Vice Premier He Lifeng
* Even if new tariffs imposed by Trump are lifted, major issues still need to be overcome
* UK becomes the first country to strike a tariffs deal with the US, agreeing to reduce import taxes on British cars and steel/aluminium
* Countries around the world are scrambling to make similar deals before steep US import taxes take effect next month
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