In a significant development, US President Donald Trump has suggested a potential reduction in the hefty 145% tariffs imposed on Chinese imports, citing their unsustainable nature and emphasizing the need for a trade agreement. This change in stance comes in the wake of recent financial market upheavals, retaliatory measures from China, and mounting pressure from both businesses and consumers within the United States. The cautionary advice from Treasury Secretary Steven Mnuchin and the prevailing internal political dynamics have played a crucial role in prompting Trump to adopt a more conciliatory approach, even though he clarified that tariffs would not be completely eliminated. This subtle shift in the US administration’s trade policy towards China is likely to have far-reaching implications on the ongoing negotiations between the two economic powerhouses.