Yet it isn’t clear how they would move beyond that—and whether that initial step would reduce the uncertainty gripping the global economy.The economic and political stakes are high. With 145% tariffs on Chinese imports and levies of 125% on U.

American and Chinese officials have started talks in Switzerland to de-escalate a trade dispute between the world's two biggest economies that has global implications. There is hope that the countries can scale back the tariffs they have slapped on each other's goods,

President Donald Trump suggested Friday that his 145% tariff on China could be reduced to 80%. “80% Tariff on China seems right! Up to Scott B.,” Trump said on his social media platform Truth Social, in reference to Treasury Secretary Scott Bessent.