Trump: Tariffs on China will decrease significantly, but will not drop to zero

ChainCatcher news, according to Sohu News, U.S. President Trump stated that the current high tariffs on China will significantly decrease, but will not reach zero. He will adopt a friendly attitude in negotiations with China, rather than a tough stance.

Earlier, U.S. Treasury Secretary Mnuchin stated at a closed-door investor meeting that the U.S.-China trade war is unsustainable, and he expects the trade war to ease. As a result of this statement, the U.S. stock market rebounded significantly.