Trump floats lower tariffs

US president Donald Trump said on Friday that 80% tariffs on Chinese goods "seems right" ahead of weekend talks to contain a trade war between the world's two biggest economies.

US president Donald Trump said on Friday that 80% tariffs on Chinese goods "seems right," making his first suggestion of a specific alternative to the 145% levies he has imposed on China ahead of weekend talks to contain a trade war between the world's two biggest economies.

US Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet Chinese economic tsar He Lifeng in Switzerland for talks that could be the first step toward resolving their trade disputes.