Trump Says "80% Tariffs On China Seems Right" Ahead Of Weekend Trade Talks

resident Trump posted on Truth Social, "80% Tariff on China seems right!" while noting that the final decision rests with U.S. Treasury Secretary Scott Bessent.

The comment lends credibility to an earlier New York Post report suggesting the administration is considering cutting tariffs on Chinese imports from 145% to a significantly lower baseline.

Trump also said: 

"CHINA SHOULD OPEN UP ITS MARKET TO USA — WOULD BE SO GOOD FOR THEM!!! CLOSED MARKETS DON'T WORK ANYMORE!!!"

In markets, S&P 500 futures puked, then recovered some losses. Most of the overnight gains have been erased.