President Trump’s apparent softening on tariffs has strengthened Chinese officials’ resolve that he will eventually cave if they wait him out.

U.S. President Donald Trump told reporters Tuesday during a news conference that tariffs would 'come down substantially,' but wouldn't disappear completely. Experts say rates would need to drop to 10 or 20 per cent in order for trade to return to some kind of normalcy.

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

The president’s about-face on the central bank chief, following advice from his treasury and commerce secretaries, sent markets surging.

President Donald Trump said Wednesday that Federal Reserve Chair Jerome Powell has kept interest rates too high and that he might call the central bank chief.

Mr Trump’s ultimate desire is not in doubt. The Fed has cut rates by only a percentage point since September, to 4.25-4.5%. Mr Trump, like most businessmen, dislikes tight money, and covets the lower rates in Europe and elsewhere.