President Donald Trump's tariff policy continues to show its signature volatility. Not long ago, the US leader threatened China with economic devastation. Now, however, he appears ready to roll back tariffs on Chinese imports. What a striking reversal!

Trump publicly confirmed his plans to reduce US tariffs on Chinese goods. "145% is very high, and it won't be that high. It'll come down substantially. But it won't be zero," he said, signaling a clear shift toward easing trade tensions with Beijing.

The president also emphasized his "excellent relationship" with Chinese leader Xi Jinping, expressing optimism that the two sides could reach an agreement.

Earlier, Chinese Commerce Minister Wang Wentao warned that Trump's tariffs could trigger a humanitarian crisis and severely damage developing economies. Recall that in early April, the US president raised tariffs on Chinese imports to 125%, citing China's alleged disrespect for global market norms.