Key Takeaways During a White House press conference Wednesday, President Donald Trump said he would not lower tariffs on China in order to get them to the negotiating table.Officials from the two nations are set to meet this week in Switzerland in the first step on trade negotiations.

President Donald Trump said Thursday that the universal 10% tariff on imported goods is here to stay — and may soon be the floor, not the ceiling.

President Donald Trump said he would not consider lowering the United States' 145% tariffs on China in order to spur trade-war negotiations with Beijing. Trump flatly answered "no" when asked at the White House if he was open to pulling back on the steep import duties in order to get China to the negotiating table.

The Trump administration is weighing a plan to slash the 145% tariff on Chinese imports by more than half as soon as next week, the New York Post reported on Thursday, citing unidentified sources. The White House dismissed the report as speculation.

China is counting on its 1.4 billion consumers to help cushion the blow from Donald Trump’s tariffs. But that strategy is running into a wall of uncertainty, with millions of factory jobs at risk.

China announced a barrage of measures meant to counter the blow to its economy from U.S. President Donald Trump's trade war, as the two sides prepared for talks later this week.