President Donald Trump is considering a significant reduction in tariffs on Chinese goods, potentially dropping the rates from 145% to as low as 50-65%. Discussions are ongoing within the White House, with a potential tiered system being explored. Under this plan, non-security imports would face lower tariffs (around 35%), while those deemed critical for American strategic interests would face higher levies (100%). This structure is to be implemented over five years. Trump has confirmed that he intends to reduce the tariffs on Chinese products, but won’t eliminate them entirely. The move was welcomed by investors who breathed a sigh of relief after Trump’s previous statements about removing tariffs. Meanwhile, in Beijing, China officials expressed willingness to engage in trade talks with the US as long as the threats are toned down. Trump addressed another controversy on Tuesday, claiming he never intended to fire Federal Reserve Chair Jerome Powell despite rumors circulating about his potential removal. This claim was contradicted by internal discussions at the White House, where legal counsel explored whether Trump could remove Powell