Trump signals tariff reductions in US-China trade talks

President Donald Trump has signaled a more conciliatory approach to the ongoing trade dispute with China, expressing optimism that a trade agreement could be reached soon and tariffs on Chinese goods could be reduced from their current high levels. While Trump emphasized that negotiations would be handled amicably, he maintained that China would ultimately need to accept a deal to retain access to the US market. Treasury Secretary Scott Bessent described current tariff rates as unsustainable and suggested a possible de-escalation in tensions, which buoyed investor sentiment. Despite the positive tone, Trump reaffirmed that if China does not agree, the US will 'set the deal' on its own terms. Both sides still maintain steep tariffs—up to 145% on Chinese imports and 125% on US goods—with no formal date yet set for high-level talks. Meanwhile, Chinese officials remain critical of US tariffs, warning other nations against trade moves that could undermine Chinese interests.