President Trump announced intentions to lower the hefty 145 percent tariffs on Chinese imports, addressing concerns over high rates during a press Q&A session. He clarified that while tariffs would be reduced, they would not reach zero. The previous tariff escalation, linked in part to fentanyl smuggling concerns, raised questions about the administration's trade strategies. Trump expressed a desire to foster a positive relationship with China, despite not detailing the motivations for the tariff adjustments or any imminent trade negotiations.
145 percent is very high and it won't be that high. It's not going to be that high.
Various elements built it up to 145. No, it won't be anywhere near that high.
It will come down substantially but it won't be zero.
I hope to build a strong and mutually beneficial relationship with Beijing.
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