Trump Expected to Reduce China Tariffs to 60% in Coming Weeks

President Donald Trump expressed optimism about upcoming trade talks with China in Switzerland, suggesting that tariffs, currently at a high of 145%, could potentially be lowered if negotiations go well. However, Trump also dismissed the notion of reducing tariffs just to initiate talks, emphasizing the importance of outcomes over who initiated contact. Meanwhile, Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer are set to meet with Chinese officials for formal negotiations, with China confirming the US requested the meeting and reaffirming willingness to engage. Renowned investor Paul Tudor Jones anticipates that Trump will reduce tariffs by about half, to around 50%, but warned that even such a reduction alongside a Federal Reserve reluctant to cut interest rates could lead to further stock market declines. The S&P 500 has already experienced significant volatility with a recent 52-week low. These perspectives highlight the complex and cautious atmosphere surrounding the US-China trade relationship and its impact on financial markets.