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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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/2c425fa6-14ca-419b-96af-b2c90073f07c/transcript