Trump now says he is open to a sharp tariff cut with China

U.S. President Donald Trump told reporters in the Oval Office last week that the current 145 percent tariff Americans pay on Chinese imports is likely to be “reduced significantly.” While he stressed the rate “will not be zero,” he expressed optimism about a possible trade deal with Chinese President Xi Jinping.

White House spokesman Kush Desai told FOX Business that the United States is not looking to reduce tariffs unilaterally and that China still needs to negotiate.