Trump lays out tariff roadmap to streamline trade talks - WSJ.

Trump lays out tariff roadmap to streamline trade talks - WSJ.

President Donald Trump has outlined a potential roadmap for tariff adjustments, signaling a shift from his earlier hardline stance on China. According to a Wall Street Journal report [3], the White House is actively considering slashing some of the steep levies by more than half to ease tensions with Beijing.

The proposed tariff reductions could see duties on Chinese imports fall between roughly 50% and 65%, according to sources cited by WSJ. This marks a significant change from Trump's earlier declarations, such as the April 2 "Liberation Day" and the imposition of steep tariff hikes on Chinese goods. The new proposal includes tiered tariffs, with lower duties for non-strategic goods and higher rates for items deemed critical to U.S. national security.

The softened rhetoric comes after sharp market reactions and criticism from industry leaders. Beijing has indicated it is open to renewed talks but warned it would not negotiate "under threats." The change in Trump's tone has been viewed as a sign of him folding, according to China policy observers.

The potential tariff reduction has had a positive impact on financial markets, with Bitcoin surging past $93,500 on April 22 as fears of a prolonged trade war began to ease [3].

While the White House has not made a final determination on the tariff adjustments, the new proposals indicate a willingness to de-escalate tensions with China. The move could help stabilize global trade relations and boost investor confidence.

References:
[1] https://www.cfodive.com/news/tariffs-execs-gray-rhino-risk-territory-Trump-scenario-planning/746198/
[2] https://www.goodmorningamerica.com/Politics/live-updates/trump-tariffs-live-updates-121015075/americans-largely-disapprove-of-trump-tariff-actions-poll-finds-121101837
[3] https://www.thestreet.com/crypto/policy/china-tariffs-to-come-shockingly-low-to-50-report-says