Trump floats 80% tariff on China. Here's why that level could sink this weekend's talks

From morningstar.com

The president's latest stance comes a day before U.S. officials are due to meet with their Chinese counterparts for negotiations U.S. President Donald Trump made a fresh move on Friday in his trade war with China, saying that an 80% tariff on Chinese products "seems right" but determining the correct level is up to Treasury Secretary Scott Bessent. Trump's latest stance, which he revealed in a social-media post, comes a day before Bessent and U.S. Trade Representative Jamieson Greer are due to meet in Switzerland with their Chinese counterparts for trade talks. An import tax of 80% would be a significant drop from ... (full story)