Trump willing to consider lowering tariffs on China

President Trump indicated he may lower tariffs on China, which he set as high as 145% on Chinese imports, as they have nearly halted trade between the U.S. and China. China retaliated with 125% tariffs on American goods, impacting markets and potentially raising prices for manufacturing equipment and consumer goods like clothing and toys. Trump cited China’s economic struggles, including a significant contraction in factory activity and a sharp decline in export orders, as reasons to consider reducing tariffs to resume business, as stated in an NBC Meet the Press interview.

Lowering tariffs

More Business News

Staff Writer

Recent Posts

Searah Secures RM24.5 Billion Syndicated Loan to Boost Upstream Expansion

PETRONAS-Eni joint venture Searah has secured a US$6 billion syndicated revolving credit facility to accelerate…

7 hours ago

Anwar hints at releasing Tabung Haji report. Rafizi speaks out

Anwar said he will consult the Chief Secretary to the Government on whether the Tabung…

8 hours ago

Hong Kong Connects Malaysian Ambition with Asia’s Growth Opportunities

The TBTHK symposium in Kuala Lumpur on August 11 will connect Malaysian businesses with Hong…

10 hours ago

Fiuu Secures JCB Direct Acquiring Licence to Expand Regional Payment Capabilities

Fiuu has secured a JCB Direct Acquiring licence, strengthening card acceptance across Malaysia, Singapore and…

12 hours ago

Westports Q2 Net Profit Surges 56% to RM361 Million on Tariff Hikes

Westports Holdings Berhad reported a 56% net profit surge in 2Q2026, driven by tariff increases…

16 hours ago

MGB: Secures RM44.7m Job in Saudi Arabia

MGB Bhd secures a RM44.7m contract in Saudi Arabia for villa development, enhancing its regional…

19 hours ago

This website uses cookies.