In a recent development, US President Donald Trump has hinted at a significant reduction in the high tariffs imposed on Chinese imports, which currently stand at 145%. Trump emphasized that the previous zero-tariff scenario was unfavorable for the United States. Treasury Secretary Steven Mnuchin has acknowledged the unsustainable nature of the ongoing trade dispute with China. The White House has also stated that several countries have shown interest in establishing new trade agreements. This announcement comes amidst escalating trade tensions between the US and China, with both countries imposing tariffs on billions of dollars worth of each other’s goods. The potential reduction in tariffs could signal a potential easing of trade hostilities and a step towards resolving the trade war that has been ongoing for over a year. Trump’s statement has sparked optimism among businesses and investors who have been closely monitoring the developments in the US-China trade relations. The global economy is eagerly awaiting further details on the proposed tariff reductions and any potential trade agreements that may arise as a result. Stay tuned for more updates on this evolving trade situation.