The Salt Mine: Dig Deep, Stay Salty

[Spacks]

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Can you provide a source to Trump rolling back the tariffs on China?

As of my last update in April 2025, President Trump has not fully rolled back tariffs on China but has signaled a potential reduction. He has publicly stated that tariffs on Chinese goods, currently at 145%, will "come down substantially" but "won’t be zero." This follows a period of escalation, with tariffs rising from 10% in February 2025 to 145% by April, prompting China to impose 125% retaliatory tariffs on U.S. goods. Trump’s Treasury Secretary, Scott Bessent, has also indicated that the high tariffs are unsustainable and expects a "de-escalation," suggesting negotiations for a lower rate, potentially around 50% if a proposed 65% cut is implemented. However, no concrete policy change has been enacted, and trade tensions persist, with China maintaining a defiant stance.

 

[Spacks]

Can you provide a source to Trump rolling back the tariffs on China?

As of my last update in April 2025, President Trump has not fully rolled back tariffs on China but has signaled a potential reduction. He has publicly stated that tariffs on Chinese goods, currently at 145%, will "come down substantially" but "won’t be zero." This follows a period of escalation, with tariffs rising from 10% in February 2025 to 145% by April, prompting China to impose 125% retaliatory tariffs on U.S. goods. Trump’s Treasury Secretary, Scott Bessent, has also indicated that the high tariffs are unsustainable and expects a "de-escalation," suggesting negotiations for a lower rate, potentially around 50% if a proposed 65% cut is implemented. However, no concrete policy change has been enacted, and trade tensions persist, with China maintaining a defiant stance.

In fact, it looks like China has capitulated somewhat

China appears to have quietly rolled back retaliatory tariffs of 125 per cent on some semiconductors made in the US, according to details provided to CNN on Friday by three import agencies in the southern technology hub of Shenzhen.

https://edition.cnn.com/2025/04/25/business/china-us-tariffs-semiconductors-exemptions-hnk-intl

Note the publish date in the URL, it was the 25th of April, 2025.

 

[Spacks]

In fact @FFC Mariner

I've edited your photo to more realistically capture what actually happened.