Trump Expected to Roll Back Tariffs on China

President Trump has indicated a willingness to significantly reduce tariffs on Chinese goods, stating that current 145% tariffs will come down 'substantially' once a deal is reached, although not to zero. Administration officials, including Treasury Secretary Scott Bessent, have echoed this softer stance, suggesting that de-escalation could begin soon, with multiple trade proposals under review. However, economists and analysts caution that despite Trump's optimistic rhetoric, there has been little real progress in negotiations and the administration may be signaling anxiety rather than control. Chinese officials, for their part, appear in no rush to engage, and observers note that Beijing may now be in a stronger negotiating position. The shift in tone comes as global economic leaders, including those at the IMF, express concerns about the impact of tariff uncertainty on worldwide growth. Investors remain wary amid persistent risks of prolonged talks and potential recession.