Willing to reduce duties against China to 80%, said the Donald Trump Today (09.05.2025), shortly before the basic commercial talks of the two countries begin.
80% duties constitute a great retreat over Donald Trump’s decisions for imposition 145% for all products imported by the US from China. However, does not appear capable of reassuring analysts.
Although Wall Street records restrained losses, there was a loss between analysts and the heads of commercial businesses. Expectation for a greater reduction.
And this is because, while the 80% duty is a significant duty reduction from 145% currently facing many Chinese products, this percentage is enough to make Forbidden trade with many businesses.
According to CNBC analysis, the “burden” of this duty can be perceived when compared to the basic 10% duty resulting from the US-United Kingdom trade agreement announced on Thursday.
Still It is not clear whether Trump wants 80% to be the long -term duty for China or if it should be regarded as one step in the negotiations.
However, until the percentage is further reduced, The financial impact on businesses remain huge.
China is one of the largest US trade partners. In 2024, the US exported $ 143.5 billion in goods to China, and introduced $ 438.9 billion, according to the US Commercial Representative office.
Already, the latest shipping items show A drastic reduction in the amount of goods transferred from China to the US, leading to concerns about the possibility of higher prices or even shortages of certain goods in the coming weeks.
Today’s comments about China’s duties, however, seem to mark a Change for Trump. The US president said on Wednesday that he would not reduce duties to bring China to the negotiating table.