https://www.taxtmi.com/news?id=43378 President Trump proposed lowering the current punitive tariff rate on Chinese imports conditional on successful high-level talks, with administration officials acknowledging the existing rate is unsustainable because it functions as an effective trade embargo. The operative elements are the conditional tariff reduction proposal, scheduled senior negotiations with Chinese counterparts, and the tension between retaining tariff revenue and pursuing greater market access for US exporters. en-us Fri, 09 May 2025 18:01:03 +0530 Fri, 09 May 2025 18:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=43378 President Trump proposed lowering the current punitive tariff rate on Chinese imports conditional on successful high-level talks, with administration officials acknowledging the existing rate is unsustainable because it functions as an effective trade embargo. The operative elements are the conditional tariff reduction proposal, scheduled senior negotiations with Chinese counterparts, and the tension between retaining tariff revenue and pursuing greater market access for US exporters. News - Fri, 09 May 2025 18:01:03 +0530 https://www.taxtmi.com/news?id=43378