Trump Says He’s Willing to Lower China Tariffs at Some Point (1)

May 5, 2025, 12:42 AM UTC

President Donald Trump said he is willing to lower tariffs on China at some point because the levies now are so high that the world’s two largest economies have essentially stopped doing business with each other.

Trump has placed tariffs as high as 145% on Chinese imports. China has retaliated with tariffs of 125% on American imports. The moves rattled markets and threaten to drive up prices for manufacturing equipment as well as affordable goods that many Americans rely on, including clothing and toys.

“At some point, I’m going to lower them, because otherwise, you could never do business with ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.