President Trump said 145% tariffs on Chinese imports will "come down substantially" as his administration expressed optimism about a trade deal.

US President Donald Trump reassured global markets by stating he won't fire the Fed chair and hinted at significant tariff reductions on China, alleviating concerns over his aggressive trade policies.

President Donald Trump said he plans to be “very nice” to China in any trade talks and that tariffs will drop if the two countries can reach a deal, a sign he may be backing down from his tough stance on Beijing amid market volatility.