Trump suggests lower China tariff, says 80% 'seems right!'

US President Donald Trump suggested lowering tariffs on Chinese imports to 80%, down from the current 145%, with some goods facing cumulative duties up to 245%.
This proposal comes ahead of trade talks in Geneva between US Treasury Secretary Scott Bessent and China’s Vice Premier He Lifeng aimed at de-escalating the trade conflict.
China retaliated with 125% levies on US goods, but its exports rose 8.1% in April by rerouting trade to Southeast Asia, mitigating US tariffs.
Alongside talks with China, the US finalized a historic trade deal with Britain, lowering tariffs on British cars and removing steel and aluminum tariffs, sparking optimism in global markets.