JAKARTA - President of the United States (US) Donald Trump said the 80% tariff for Chinese goods "seems to be right".
Trump spoke of a special alternative to the 145% tariff he had imposed on China ahead of weekend talks to stem the trade war between the world's two largest economies.
US Treasury Secretary Scott Bessent and trade chief negotiator Jamieson Total will meet with Chinese economic king He Lifeng in Switzerland for talks that could be the first step towards resolving their trade disputes.
"China should open its market for the US 'it would be great for them!!! The closed market is no longer working!!!" Trump said in Truth Social uploads.
"The 80% rate for China seems appropriate. It's up to Scott B," Trump said.
Although Trump has on recent occasions indicated lowering punitive rates against China, he has yet to mention potential figures for the reduction in rates.
After the upload, US stock fell slightly before rising slightly, while in Europe the US dollar and European stock also weakened.
Since taking office in January, Trump raised import levies from China to 145%, in addition to the levies he imposed on many Chinese goods during his first term of office and the duties imposed on Beijing by the Biden administration.
China retaliated by imposing export restrictions on several rare earth elements and increasing tariffs on US goods by up to 125%, in addition to imposing additional levies on certain products including soybeans and liquefied natural gas.
Weekend talks in Geneva have been described by Trump's government officials as a step towards a reduction in tensions with China.
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