Trump Signals Step Back On China Tariffs, Says They’ll ‘Come Down Substantially’

President Donald Trump signaled Tuesday evening from the Oval Office that the U.S. will ease tariffs on China, saying they’ll “come down substantially” but won’t be eliminated entirely.

On April 2, Trump announced reciprocal tariffs on several countries, with higher rates for nations like China due to their own trade barriers against the U.S. When asked Tuesday about the tariffs against the foreign country, Trump said that the 145% hit would not last forever.

“I’m sure 145% is very high, and it won’t be that high, not going to be that high,” Trump said. “It got up to there. We were talking about fentanyl where, you know, various elements built it up to 145. No, it won’t be anywhere near that high.”

Following Trump’s initial tariff announcement, the U.S. and China entered a tariff war, with China responding by imposing steep tariffs of its own. By April 9, Trump said the U.S. would raise tariffs on China from 104% to 125% — after the country refused to lift its retaliatory measures — while implementing a 90-day pause on tariffs for other countries.

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“It’ll come down substantially, but it won’t be zero. It used to be zero,” Trump said. “We were just destroyed. China was taking 🇺🇸US for a ride and just not going to — it’s not going to happen. We’re going to be very good to China. I have a great relationship with President Xi, but they would make billions and billions and billions of dollars a year, and they were building a military out of the United States on what they made.”