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Trump Considers Lowering 145% U.S. Tariffs on China, Signals Openness in NBC Interview

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Updated May 5, 2025, 07:03 PM

President Donald Trump has indicated he is willing to lower tariffs on Chinese imports at some point in the future, stating, "At some point, I'm going to lower them, because otherwise, you could never do business with them, and they want to do business very much." Trump made these remarks during an interview aired Sunday on NBC's Meet the Press with Kristen Welker.

The U.S. has imposed tariffs as high as 145% on Chinese imports, while China has retaliated with tariffs of up to 125% on American goods. Trump noted that these high tariffs have essentially stopped business between the two countries. He also mentioned that the tariffs may not be permanent and could be adjusted depending on future negotiations.

Trump described China's economy as "collapsing," citing factory closures and unemployment "through the roof." He referenced recent data showing factory activity in China at its worst contraction since 2023 and new export orders at their lowest since December 2022.

Trump characterized recent statements from China as "positive" and noted that China is currently evaluating the possibility of renewed trade talks with the U.S. Markets rallied following signals from Beijing. Trump emphasized that any future deal must be fair. U.S. Treasury Secretary Bessent also indicated that China remains a central focus in the administration's trade strategy.

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