US President Donald Trump has signaled a potential U-turn on his trade war with China amid continued market volatility, saying the high tariffs on Chinese goods will “come down substantially, but it won’t be zero.

Wall Street looked for trade progress Tuesday as President Trump and Treasury Secretary Scott Bessent hinted at tariff de-escalation with China. Trump said, "145% is too high, it will come down substantially.

President Trump said 145% tariffs on Chinese imports will "come down substantially" as his administration expressed optimism about a trade deal.