Trump's U-Turn: Tariffs on China Will "Come Down Substantially"
Trump’s China tariffs are set to decrease, as the president announced a major policy shift during a White House news event on Tuesday. Market volatility has already been affected by this unexpected change in the ongoing trade dispute, and investors are closely watching how things might unfold in the coming weeks. Also Read: Amazon Stock: How High Will AMZN Reach Next Month & Should You Invest? How Trump’s Trade Policy Shift Affects Market Volatility and Crypto Investments Source: Global Times Trump Signals Tariff Reduction President Trump stated: “145% is very high and it won’t be that high. It won’t be anywhere near that high. It’ll come down substantially. But it won’t be zero.” Treasury Secretary Scott Bessent also signaled that Trump’s China tariffs needed to be reconsidered, noting at a JP Morgan Chase investment conference that the current trade war is unsustainable and that he expects the battle to de-escalate in the very near...