Treasury Secretary Scott Bessent said President Trump will not reduce tariffs on China without an agreement by both governments to de-escalate their trade conflict.

The Trump administration would look at lowering tariffs on imported Chinese goods pending talks with Beijing, a source familiar with the matter said on Wednesday, adding that any action would be in conjunction with negotiations and not made unilaterally.

The United States will not implement unilateral tariff reductions imposed on China, according to the White House Press Secretary Caroline Levitt. "The President has made it clear that China needs to make a deal with the United States of America,