On a recent Tuesday, President Trump addressed the nation about the ongoing trade situation with China. He stated that the current tariff rate of 145% on Chinese goods is indeed very high but assured that they will come down substantially. However, he emphasized that the tariffs will not drop to zero.

This announcement comes as part of ongoing negotiations aimed at reaching a more favorable trade agreement. Businesses are closely watching these developments as changes in tariffs can significantly impact pricing, supply chains, and overall market dynamics.