White House weighing plan to slash China tariffs to as low as 50% – report

The New York Post reports that the US is weighing a plan to slash China tariffs to as low as 50% next week from 145%.

“US officials are discussing a proposal to lower President Trump’s punishing levy on China goods to between 50% and 54% as they begin what promise to be lengthy talks to hammer out a trade agreement, sources close to the negotiations said”

Tariffs on neighbouring south Asian countries would be cut to 25%.

This article was written by Adam Button at www.forexlive.com.