Overview

• President Trump announced that the 145% tariff on Chinese imports will be reduced substantially but will not be eliminated entirely.
• The administration is deliberating a potential 50–65% reduction in tariffs on select Chinese goods, though no final decision has been made.
• A two-tier tariff system is under consideration, with non-strategic goods facing lower rates and strategic imports subject to higher duties of at least 100%.
• Treasury Secretary Scott Bessent emphasized the unsustainability of the trade war and called for deeper collaboration among trade partners.
• Financial markets, including U.S.-listed Chinese stocks, reacted positively to the news, with significant gains reported across major companies.