President Donald Trump said tariffs on Chinese goods will “substantially” decrease, “but it won’t be zero” amid an ongoing trade war between the world’s two largest economies.
Trump’s remarks, made at a White House news event Tuesday, struck a softer tone after weeks of tit-for-tat tariff retaliations that set duties on most imports from China at 145%, with some as high as 245%.
“Ultimately, they have to make a deal, because otherwise they’re not going to be able to deal in the United States, and...