Trump says China tariffs will drop ‘substantially – but it won’t be zero’

Donald Trump recently stated that high tariffs on Chinese goods would decrease significantly but wouldn't reach zero. In response to Treasury Secretary Scott Bessent, who noted that such tariffs are unsustainable, Trump expressed optimism about de-escalation in the trade war with China. The U.S. stock market rose following Bessent's remarks, though Trump remained cautious and didn't commit to pulling back from his 10% baseline tariff stance on other countries, despite acknowledging potential for negotiations to improve the situation with China.