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Trump Assigns Treasury Secretary Bessent to Negotiate Lowering 145% China Tariffs in Switzerland with Minimum Threshold

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Published May 10, 2025, 09:22 PM

President Donald Trump has entrusted Treasury Secretary Scott Bessent with negotiating a reduction of the United States' 145% tariffs on Chinese goods. Trump indicated he has provided Bessent with a minimum acceptable tariff rate, though he has not disclosed the specific figure. Bessent is scheduled to meet with Chinese trade negotiators in Switzerland this weekend to discuss the potential lowering of tariffs. While officials remain cautious about the outcome, Trump expressed optimism that the talks will result in a fair deal.

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#Donald Trump #Scott Bessent #United States #Chinese #Trump #Bessent #Switzerland

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Sources

politico.com

Kristen Holmes

@KristenhCNN

President Trump tells me in the Oval office he's given Treasury Sec. Bessent “a number” of how low US is willing to go on tariffs during talks w/ Chinese officials this wknd. While officials have been tempering expectations, Trump said he thought they'd "come back with fair deal"

Megan Messerly

@meganmesserly

New: President Donald Trump said in the Oval Office that he has given Treasury Secretary Scott Bessent a number he won't go below — re: lowering the 145% tariffs on China — but won't say what that is. Bessent meets w/ Chinese trade negotiators in Switzerland this weekend.

annmarie hordern

@annmarie

Trump says he’s given Secretary Bessent a number on how low he is willing to go on tariffs.

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