BEIJING—President Trump’s apparent softening on tariffs against China in recent days has buoyed markets and raised hopes for a detente between the world’s two largest economies. For Chinese leaders, it only strengthens their resolve that Trump will eventually cave if they wait him out.
After weeks of spiraling hostilities, Trump now says he is willing to cut tariffs on Chinese goods. His administration is considering slashing levies in some cases by more than half in a bid to de-escalate tensions with Beijing, The Wall Street Journal reported Wednesday.
Source: https://www.wsj.com/world/china/china-bets-trump-will-back-down-on-tariffs-04097ec3