President Donald Trump said Friday he would be fine with a significant drop in the tariff he imposed on China but left it to his Treasury chief to work out the details. “80% Tariff on China seems right!

President Donald Trump remains firm that the United States is not going to unilaterally reduce tariffs on Chinese goods without concessions from China, the White House said on Friday, hours after Trump floated the idea of reducing the current rate of 145% down to 80% as the two sides prepare for talks between in Switzerland.

President Donald Trump has floated cutting tariffs on China from 145% to 80% ahead of a weekend meeting among top U.S. and Chinese trade officials as he looks to deescalate the trade war between the world's two largest economies.