New reports indicate Donald Trump is considering slashing tariffs on Chinese goods by more than half.

No announcements have been made yet- but tariffs could reportedly come down to between roughly 50 percent and 65 percent, according to one senior White House official. 

Asia Business Correspondent Peter Lewis says China has signalled it's open to trade talks - as officials believe this is the US blinking first in the trade dispute.

"They see it as vindication of President Xi's strategy - which is to hang tough and not to be bullied and not to negotiate under duress."

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New reports indicate Donald Trump is considering slashing tariffs on Chinese goods by more than half.
No announcements have been made yet- but tariffs could reportedly come down to between roughly 50 percent and 65 percent, according to one senior White House official.&nbsp;
Asia Business Correspondent Peter Lewis says China has signalled it's open to trade talks - as officials believe this is the US blinking first in the trade dispute.
"They see it as vindication of President Xi's strategy - which is to hang tough and not to be bullied and not to negotiate under duress."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Peter Lewis: Asia Business Correspondent on Donald Trump reportedly considering slashing tariffs on China

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/eca493d4-3bfd-43e4-9b49-b2c90073f1a2/transcript