The US is considering slashing its tariffs on China's goods at trade talks this weekend, after President Trump's promised that the 145% rate was "coming down." On Friday morning, Trump posted on Truth Social: "80% Tariff on China seems right!

The president said reducing tariffs to 80 percent from the current 145 percent “sounds right,” as U.S. and Chinese negotiators prepare to meet in Switzerland.

President Donald Trump remains firm that the United States is not going to unilaterally reduce tariffs on Chinese goods without concessions from China, the White House said on Friday, hours after Trump floated the idea of reducing the current rate of 145% down to 80% as the two sides prepare for talks between in Switzerland.