The White House is reportedly considering slashing tariffs on Chinese imports from a baseline rate of 145% to 50%-65%, a senior White House official told the Wall Street Journal. The administration is also considering a "tiered approach,

The U.S. government is considering cutting its tariffs on Chinese imports in a bid to de-escalate tensions with Beijing, the Wall Street Journal reported on Wednesday.

US President Donald Trump has signaled a potential U-turn on his trade war with China, saying the high tariffs on Chinese goods will “come down substantially, but it won’t be zero.”