U.S. May Slash China Tariffs to 50% as Trade Talks Pick Up
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The U.S. is reportedly gearing up to slash its massive 145% tariff on Chinese imports—possibly bringing it down to the 50–54% range—as early as next week. Sources say the move is timed with a key round of trade talks between U.S. and Chinese officials set to take place in Switzerland, marking the first real attempt to cool tensions since Trump reignited the tariff war last month.
Retailers have been watching this closely, and the tone seems to be shifting. Executives from Walmart, Target, and Home Depot left a recent White House meeting feeling more confident, and industry insiders say many companies are already preparing for a price reset—asking suppliers to quote across a range of tariff scenarios.
The toy industry, which heavily relies on China, has been one of the hardest hit. A Tonka truck that would cost $30 could jump to $80 with the current tariff—so a cut to 50% would still sting, but it’s a lot more workable. Bottom line: this isn’t the end of the trade war, but it could be the first real sign of movement in a while.
