U.S. President Donald Trump expressed optimism about upcoming trade negotiations with China, stating that the current 145% tariffs on Chinese goods are likely to decrease. Speaking at the White House on May 8, 2025, Trump emphasized that the tariffs “can’t get any higher” and suggested that a reduction is imminent.

The announcement comes ahead of scheduled talks in Switzerland between U.S. Treasury Secretary Scott Bessent, chief trade negotiator Jamieson Greer, and China’s economic policymaker He Lifeng. These discussions aim to address the ongoing trade conflict that has significantly impacted the global economy.

Trump highlighted the substantial trade surplus that China holds over the U.S., calling it unacceptable and stressing the need for China to open up its economy. He also indicated the possibility of speaking directly with Chinese President Xi Jinping following the talks, signaling a positive outlook for potentially resolving the trade dispute.

This development marks a potential turning point in U.S.-China trade relations, with both sides approaching the discussions in a friendly and constructive manner. The outcome of these talks could lead to a de-escalation of the trade war and a more stable economic relationship between the two nations.

Source: Reuters