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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The United States is ready to reduce duties on Chinese imports to 50%

May, 09 2025
watermark Economic news

The administration of US President Donald Trump is considering the possibility of significantly reducing import duties on goods from China. It is planned that tariffs may be cut from the current 145% to the level of 50-54%. 


According to informed sources, such a decision may be made as early as next week and will become an important part of the trade negotiations to be held in Switzerland.


Earlier, Donald Trump announced the need to review the level of duties. According to him, the continuation of their maintenance at such a high level will make it impossible to further develop trade relations between the two largest economies in the world. 


The American authorities are actively discussing the option of significantly reducing the tariff burden on Chinese imports. The purpose of this measure is to create more favorable conditions for reaching a compromise in the upcoming negotiations aimed at signing a new trade agreement.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.