Trump says he might lower tariffs on China. Unless the number comes way down, experts say it won’t matter

News Snapshot:

The White House has indicated that it could lower its tariffs on China, but experts say the exact figures might not make much of a difference. Right now, the U.S. has 145 per cent blanket tariffs on Chinese goods, while China has a 125 rate on U.S. goods. The levies jumped to those levels earlier this month when both countries were engaged in a tit-for-tat raising of rates. U.S. President Donald Trump told reporters Tuesday during a news conference that tariffs would " come down substantially ," but wouldn't disappear completely. According to a report by the Wall Street Journal...