White House reportedly mulling cutting China tariffs to de-escalate trade war

The Wall Street Journal sources is reporting that the White House was reportedly mulling cutting China tariffs to de-escalate the trade war.

• 35% tariff on nine strategic items
• 100%+ tariffs on goods tied to national security
• phased in over five years

On Powell,

• Pres. Trump reportedly swayed by Treasury Secretary Bessette and commerce Sec. US Commerce Secretary Lutnick to not fire Powell

This article was written by Greg Michalowski at www.forexlive.com.