In a major potential shift in US economic policy, the administration of President Donald Trump is preparing to significantly reduce tariffs on Chinese goods as trade talks between Washington and Beijing approach. Sources familiar with the negotiations told the New York Post that a sharp cut in tariffs – from the current punishing 145% to a range of 50–54% – could be implemented as early as next week to ease escalating tensions and revive hopes for a broader trade agreement.

Trump, who had previously championed steep tariffs as a necessary response to China’s alleged unfair trade practices and national security concerns, surprised many observers this week by signaling a softer approach. In a May 9 post on Truth Social, the president hinted at a reduction, writing: “80% Tariff on China seems right! Up to Scott B,” referencing US Treasury Secretary Scott Bessent, a key figure in the administration’s economic team.

The shift marks a notable departure from Trump’s earlier hardline rhetoric, which saw him defending the tariffs as deserved punishment for China’s actions, even claiming that Beijing would absorb most of the costs. But with the US economy showing signs of strain, global markets jittery, and political pressure mounting ahead of the election season, Trump appears increasingly motivated to show progress on the trade front.

Senior US and Chinese officials are scheduled to meet this weekend in Geneva, Switzerland – the latest attempt to untangle the bitter trade war that has battered both economies and disrupted........

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