US President Donald Trump has signaled a major U-turn on his trade war with China, saying the high tariffs on Chinese goods will “come down substantially, but it won’t be zero.”

President Donald Trump already has enacted higher tariffs against U.S. trade partners as part of his plan to rework world trade and encourage more U.S. manufacturing. The chart above shows Trump's new tariffs that are in place already,

Donald Trump has offered his five-word verdict on his trade war with China, hinting at a major climbdown. It comes as Beijing and Washington, the world's two largest economies, appear locked in an escalating trade war,