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Trump Now Signals Major Reduction in China Tariffs

President Trump has announced a significant reduction in tariffs on Chinese goods, marking a retreat from his previous hardline position amid concerns about the escalating trade war.

“Tariffs will come down substantially,” Trump stated, expressing optimism about reaching a trade agreement with China.

This shift from his earlier aggressive stance, which had prompted substantial Chinese retaliation, has helped calm financial markets and sparked hopes for de-escalation in one of the most severe recent trade confrontations.

Original Source: The Street

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