Sunset 4-23-25

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.”

During a speech Tuesday, U.S. Treasury Secretary Scott Bessent said he expects a “de-escalation” in the tariff war between the U.S. and China, adding that the ongoing conflict would be unsustainable in the long run, according to the Associated Press.

Good Night, Patriots!