As I reported earlier on Wednesday, President Donald Trump is considering slashing tariffs on Chinese imports—in some cases by more than half—in a bid to de-escalate tensions with Beijing that have roiled global and U.S. markets since the tit-for-tat tariff war between the world’s two largest economies began, according to an exclusive report from the Wall Street Journal:
One senior White House official said the China tariffs were likely to come down to between roughly 50% and 65%. The administration is also considering a tiered approach similar to the one proposed by the House committee on China late last year: 35% levies for items the U.S. deems not a threat to national security, and at least 100% for items deemed as strategic to America’s interest, some of the people said. The bill proposed phasing in those levies over five years.
The implications…
