President Donald Trump has suggested that US tariffs on Chinese imports could be reduced, just ahead of high-level trade discussions between the two countries.
Speaking during the announcement of a new tariffs agreement with the UK, Trump noted that the import taxes on Chinese goods had reached 145%, adding, “we know it’s coming down”.
Talks are scheduled to take place in Switzerland this weekend, signalling a possible thaw in the prolonged trade dispute that has rattled global markets.
Trump described the upcoming meeting as “very friendly”, while Chinese Vice Foreign Minister Hua Chunying expressed confidence in managing the tensions.
US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will lead the initial negotiations, though experts say real progress will require involvement from both presidents.
Analysts remain cautious, warning that the deep-rooted differences between Washington and Beijing are unlikely to be resolved quickly. While minor tariff cuts could result, substantial barriers are expected to remain.
The discussions come shortly after the UK became the first country to finalise a trade deal with the Trump administration, as others rush to negotiate ahead of further tariff hikes.