Treasury Secretary Scott Bessent denied a Wall Street Journal report that the White House is considering unilaterally slashing tariffs on Chinese imports, saying that both sides need to mutually take down tariff levels before trade talks can begin.

President Donald Trump told reporters Tuesday that his 145% tariff on goods from China will come down “substantially.” “145% is very high and it won’t be that high. It’s not going to be that high,” he said,

President Donald Trump already has enacted higher tariffs against U.S. trade partners as part of his plan to rework world trade and encourage more U.S. manufacturing. The chart above shows Trump's new tariffs that are in place already,