The Trump administration has initiated multi-country trade negotiations, and China-U.S. tariffs may be reduced to 80%.

According to Bloomberg, the Trump administration plans to initiate trade negotiations with approximately 20 countries, including Japan, South Korea, Vietnam, the UK, India, Argentina, and Switzerland, aiming to quickly reach template agreements to pave the way for subsequent negotiations. Treasury Secretary Scott Bessent stated that US-China negotiations will start this weekend, with tariff reductions from 145% to 80% as an option. Commerce Secretary Howard Lutnick emphasized that some countries may be granted tariff exemptions to reach a framework agreement.