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U.S. cuts tariff on China to 47%
Of course, as you mentioned, President Trump is lowering his tariff on China to 47%. That's down from 57%. Remember, a month AGO, THE PRESIDENT HAD THREATENED A 100% additional TARIFF, WHICH WOULD HAVE TAKEN THE TARIFF TO 157%. the president told me in my interview two weeks ago that that was not SUSTAINABLE, AND OF COURSE, EVEN BEFORE THEY WALKED IN THE ROOM, THAT WAS OFF THE TABLE AS WELL. SO WHAT ARE THE DETAILS HERE? NUMBER ONE, THE U.S. CUTS THE TARIFF TO 47%.
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