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LMAX Group blog - FX industry thought leadership

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Thursday, April 24, 2025

Next 24 hours: Trump tempers tariff cut expectations

Today’s report: Trump softens stance on China

The Trump administration is softening its stance on China, with President Trump indicating tariffs will decrease significantly but not to zero, and Treasury Secretary Bessent hinting at a potential major deal, while the Wall Street Journal has reported proposed tariffs of 50-65%, a significant reduction from China’s current 145%. read report

Wake-up call

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