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Latest! Trump: Tariffs on China will be significantly reduced, but not 0! | Maritime Export Logistics

Apr 23,2025

On April 23 local time, the US media New York Post revealed a blocking news: US President Donald Trump revealed in public that the 145% tariff rate imposed by his government on Chinese goods will be significantly reduced.

This statement like a "policy bomb" was dropped on financial markets, and the Dow Jones Index, Nasdaq Composite Index and S & P 500 Index surged more than 2.5%, marking a long-lost "carnival moment" in the New York stock market.

Looking back at the history of trade friction, the Trump administration has previously imposed tariffs on several batches of Chinese exports to the United States, with a peak rate of 145 percent, and imposed a 125 percent retaliatory tariff on directly sending Chinese exports into the United States. Although the US recently temporarily waived the 125 percent tariff on smartphones, computers, semiconductors and other electronic products, Trump stressed that the move was only a "phased arrangement."

When talking about the direction of the tariff policy, Trump made clear: " The 145% tax rate is really too high, and we're going to make it significantly lower, but we're never going to go to zero. This rare softening gesture was interpreted by the market as a "key signal" of a shift in U.S. trade policy toward China.

It is worth noting that this statement follows a "heated speech" by US Treasury Secretary Scott Bennett, who stated at a closed-door investment summit in Washington that "the current trade war situation is not sustainable." He also predicted that "substantial progress in the negotiations is coming," leading the market to ignite optimism.

White House press secretary Caroline Levitt further disclosed that since the US announced the full increase of tariffs earlier this month, more than 100 countries have reached out to the US for trade negotiations, and 18 of them have formally submitted cooperation proposals.

But it is interesting to note that China has not yet appeared on this list of active communication. Levitt also stressed that the U.S. government "is actively paving the way for a potential U.S-China trade deal," adding that "substantial progress has been made in engagement between the two sides."

The analysis pointed out that although the tariff policy adjustment of the Trump administration has triggered a short-term binge in capital markets, formal trade negotiations between China and the United States have not yet begun, and multiple uncertainties remain about the direction of the policy.

As the global supply chain game intensifies, the international community is focusing on how the "tariff game" will evolve.

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