Trump's attitude towards China has eased! Admitting that the US tariffs on imported goods from China are too high and are expected to be drastically reduced

US President Trump delivered a public speech on Tuesday (April 22) local time. He acknowledged that US tariffs on Chinese exports are currently too high, and the tax rate is expected to be drastically reduced. This indicates that Trump's attitude on his iconic tariff policy has eased. On Tuesday, US Treasury Secretary Bessent also said at a J.P. Morgan event that the tariff war between China and the US will soon cool down.