US President Donald Trump is open to lowering tariffs on China, acknowledging their current levels hinder trade. Tariffs have reached up to 145%, causing financial market unrest.

President Donald Trump suggested he may reduce tariffs on Chinese goods in the future, acknowledging that current rates have brought trade between the U.S. and China to a near standstill. The steep tariffs -- some reaching 145% on imports from China -- have been met with reciprocal duties of up to 125% on American goods.