US President Donald Trump has hinted at a significant reduction in the high tariffs on Chinese imports, which are currently as high as 145%. Trump highlighted that the previous zero-tariff scenario with China had been disadvantageous for the United States. Treasury Secretary Steven Mnuchin acknowledged the unsustainable nature of the ongoing trade conflict with China. The White House has stated that numerous countries have shown interest in establishing new trade agreements with the US. This development comes amidst escalating trade tensions between the world’s two largest economies and could potentially have far-reaching implications for global trade dynamics.