US President Donald Trump has hinted that US tariffs on goods from China may come down as top trade officials from the world's two biggest economies are set to hold talks. "You can't get any higher. It's at 145,

The Trump administration is heading into weekend talks with China contemplating a potentially dramatic tariff reduction in a de-escalatory move that would see both sides slash duties from prohibitive levels set last month to temper the economic pain both are already starting to feel.

With time running out on his 90-day tariff pause, Donald Trump and his team have yet to announce a new trade agreement.