US President Donald Trump recently announced plans to significantly reduce the high tariffs on Chinese imports, currently at 145%, stating that the previous zero-tariff scenario was not favorable for the United States. Treasury Secretary Steven Mnuchin acknowledged the challenges posed by the ongoing trade standoff and emphasized the need for a more sustainable trade relationship with China. The White House also revealed that multiple countries have shown interest in establishing new trade agreements with the US. Trump’s decision to lower tariffs on Chinese goods is seen as a step towards resolving the trade tensions between the two economic giants. This development is expected to have significant implications for global trade dynamics, especially in the context of the ongoing trade war between the US and China. The potential reduction in tariffs could lead to increased trade opportunities and improved economic relations between the two countries. Stay tuned for more updates on this evolving trade situation.