PANews reported on April 23 that according to Sina News, US President Trump made a public speech on Tuesday (April 22) local time, admitting that the current US tariffs on Chinese exports are too high and that the tax rate is expected to be significantly reduced. This marks that Trump has softened his attitude on his signature tariff policy. On Tuesday, US Treasury Secretary Benson also said at a JPMorgan Chase event that the tariff war between China and the United States will soon cool down.