US considering cutting tariffs on Chinese imports by more than 50%, but no offer made

From Investing.com: 2025-04-24 03:22:00

The White House is considering cutting tariffs on Chinese imports by more than 50%, but Treasury Secretary Mnuchin clarified that no offer has been made. US indices posted gains on 23 April but closed near session lows, forming bearish candlestick patterns. Treasury Secretary Mnuchin stated no currency targets in trade talks with Japan, with focus on trade imbalances. Gold is trading higher in Asian session after two days of losses. West Texas crude fell 2% after a report suggesting OPEC+ members may accelerate oil output increases in June. The US Wall Street 30 index showed a bearish reaction at the 20-day moving average on 23 April, with key resistance at 40,070/40,380.



Read more at Investing.com: US-China Optimism Fades Amid Bearish Technical Signs in US Stock Indices