"US officials are discussing a proposal to lower President Trump’s punishing levy on China goods to between 50% and 54% as they begin what promise to be lengthy talks to hammer out a trade agreement, sources close to the negotiations said"
Tariffs on neighbouring south Asian countries would be cut to 25%.
In response, a “whisper” campaign spread quickly and “the number that emerged to get the ships flowing out of China was 54%,” said Jay Foreman, CEO of Basic Fun, which makes its retro toys in China including Tonka Trucks, Care Bears and My Little Pony.“The signals we are getting is that the dam will break by the end of this week or next, that there will be an adjustment,” Foreman told The Post.Accordingly, many retailers already have begun asking vendors to quote prices based on a range of tariff rates — anywhere between 10% and 54% — “so they are ready to price when the goods land” in the US, Foreman added.
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