Skip to content
BigBreakingWire
Breaking
LiveAdani Ports to Acquire Dutch Firm Evos for €2.56 BillionLiveIndia Household Debt Hits Record 46% of GDPLiveIndia Reviews LTCG Relief and Financial Market RulesLiveIran Conflict Raises Oil and Middle East Security RisksLiveUS Midterm Fallout Deepens Republican DivisionsLiveTrump Blames Iran War for Midterm Losses, Rules Out Hegseth Exit and Signals Cooperation With DemocratsLiveIndia Plans to Nearly Triple Coal Stocks at Thermal Plants as Government Changes Agnipath SchemeLiveRBI Updates Financial Market Framework as Corporate Dollar Forward Purchases Fall 35%LiveNVIDIA AI Chip Orders Face Supply Constraints as Qualcomm and SpaceX Announce 5G PartnershipLiveIran War Tensions Continue as Tehran Rejects US Hormuz Proposal and Trump Rules Out Need for Nuclear Weapons
News Editorial

U.S. May Cut China Tariffs to 50%

bigbreakingwire
bigbreakingwire
Published: 1 min read

U.S. government is thinking about cutting tariffs on Chinese goods from the current 145% to around 50%, possibly starting as soon as next week, according to the New York Post.

However, billionaire hedge fund manager Paul Tudor Jones believes that even if President Donald Trump lowers tariffs, the stock market could still fall.Speaking on CNBC’s Squawk Box, Jones explained:

> “Trump is firm on keeping tariffs, and the Federal Reserve is firm on not cutting interest rates. That’s bad news for the stock market.”

Jones warned that even if tariffs drop to 50% or 40%, they would still feel like a massive tax hike for businesses and consumers.

> “It would be the biggest tax increase since the 1960s,” he said, adding that this could slow down the U.S. economy by 2% to 3%.

bigbreakingwire
Author & Editorial Desk

bigbreakingwire

Bringing you the latest updates on finance, economies, stocks, bonds, and more. Stay informed with timely insights.

View All Articles By Author

Disclaimer: BigBreakingWire provides news and informational content for general educational purposes only. The information presented on this website does not constitute financial, investment, tax, or legal advice. Readers should consult qualified professionals before making any financial decisions. BigBreakingWire, its authors, and editors are not responsible for any financial losses or damages arising from the use of information on this site.

Install app