US may cut China tariffs from 145% to 50% ahead of trade negotiations in Switzerland

The Trump administration is expected to announce a significant reduction in tariffs on Chinese imports—possibly as early as next week—just as American and Chinese trade officials gather in Switzerland for key negotiations. Sources told The Post that current tariffs of 145% on Chinese goods could be lowered to between 50% and 54%, a rate seen as more sustainable by businesses. At the same time, tariffs on other Asian countries may be reduced to 25%. The decision, still pending formal approval, follows weeks of discussions and meetings between top US officials and business leaders, including CEOs from Walmart, Target, and Home Depot. Treasury Secretary Scott Bessent also recently described the existing tariff level as “not sustainable,” sparking renewed hope for a shift. White House spokesperson Kush Desai, however, declined to confirm any figures, saying only that tariff decisions would be made directly by president Trump.