U.S. media: The Trump administration plans to significantly reduce tariffs on Chinese goods, with the reduction possibly exceeding half.

WSJ: The Trump administration is considering significantly reducing tariffs on Chinese goods, with the possibility of cutting them by more than half, in an effort to ease tensions between China and the United States. A final decision has yet to be made, but discussions include potentially reducing tariffs to between 50%-65% of their current levels and adopting a tiered taxation strategy: applying lower rates to non-sensitive goods and higher rates to those involving national strategic interests, similar to a proposal put forward last year by Congress.

Original article: https://www.toutiao.com/article/1830203318503436/

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