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Trump Proposes Tariff Cuts Ahead of U.S.-China Talks

5/10/2025

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Summary

Story summary

President Trump proposed reducing tariffs on Chinese goods from 145% to 80% before U.S.-China trade talks.
The negotiations focus on resolving the trade war's impact on global supply chains.
China is dispatching a senior official to address fentanyl trafficking concerns.
U.S. stocks ended mixed as investors anticipated the talks' results.
Analysts warn that substantial tariff cuts are unlikely despite positive statements.

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Story summary

President Trump proposed reducing tariffs on Chinese goods from 145% to 80% before U.S.-China trade talks.
The negotiations focus on resolving the trade war's impact on global supply chains.
China is dispatching a senior official to address fentanyl trafficking concerns.
U.S. stocks ended mixed as investors anticipated the talks' results.
Analysts warn that substantial tariff cuts are unlikely despite positive statements.