The US and China are about to embark on their first tariff negotiation. Initially unwilling to lower tariffs on Chinese goods, Trump hinted on the 8th that he might consider reducing the current tariffs on China if the talks between the two countries progress smoothly. The New York Post reported exclusively on the 8th that the Trump administration is considering lowering tariffs on Chinese goods from the current 145% to 50%, possibly as early as next week.

The New York Post reported that the US government is considering significantly reducing tariffs on Chinese imports, cutting them from the current 145% to 50%-54%, which could be implemented as soon as next week. This move comes just as senior officials from both countries are heading to Switzerland for trade negotiations, indicating signs of possible easing of trade tensions. The report also pointed out that this potential tariff adjustment will also affect other Asian countries, with import tariffs on their goods potentially being reduced to 25%.

Industry insiders said that although a tariff rate of 50%-54% is still relatively high, it is within an acceptable range compared to the current 145%. For example, toy industry professionals noted that if the tariff drops to 54%, a Tonka truck originally priced at $29.99 would sell for $49.99; under a 145% tariff, the price would soar to $79.99, severely impacting sales.

Currently, many retailers have begun asking suppliers to quote prices based on different tariff scenarios ranging from 10% to 54%, so they can quickly price products upon arrival in the United States. Additionally, some businesses are choosing to store goods in warehouses until the tariff policy becomes clear before selling them.

A White House spokesperson stated that any tariff decision will be personally announced by the president, and the current discussions remain speculative. However, Treasury Secretary Beasant's recent remarks at the Milken Institute Global Conference have filled the industry with anticipation for upcoming changes.

The toy industry is particularly watching this tariff adjustment, as approximately 80% of toys on the US market come from China. Industry players hope that the US-China trade negotiations in Switzerland will bring greater stability to the supply chain.

Original article: https://www.toutiao.com/article/7502236943586722339/

Disclaimer: This article represents the author's personal views. Please express your opinions by clicking the "Like/Dislike" buttons below.