23/4/2025, 1:52:02 pm

US softening on China tariffs brings little relief from trade uncertainty

U.S. President Donald Trump hinted at easing tariffs on Chinese imports but ruled out eliminating them entirely. Garima Kapoor of Elara Capital noted that while some relief is possible, broader U.S.-China tensions, including technology and security issues, will persist. The average U.S. tariff, historically 2-2.5%, may rise to around 10%, signaling a new trade normal.