Trump considers cutting tariffs on Chinese imports, WSJ reports

The Trump administration is considering slashing its tariffs on Chinese imports, in some cases by more than half, in a bid to de-escalate tensions, Gavin Bade, Lingling Wei and Josh Dawsey of Wall Street Journal report, citing people familiar with the matter. One senior White House official said the China tariffs were likely to come down to between roughly 50% and 65%, the Journal reports. The administration is also considering a tiered approach with 35% levies for items the U.S. deems not a threat to national security, and at least 100% for items deemed as strategic to America’s interest, some of the people told the paper.