A new WSJ report claims tariffs on China could be cut by more than half.
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00:00Markets reacted kindly to the Wall Street Journal's report that President Trump is considering scaling back tariffs on China.
00:06The Dow, S&P, and Nasdaq all finished in the green on April 23rd, just a day after the Journal's story about a possible reduction.
00:13As it stands, the Trump administration has imposed 145% tariffs on China.
00:18But according to the report, one White House official says that number could be cut by more than half.
00:24Trump says the U.S. will have a fair deal with China and that the U.S. is actively engaging with Chinese officials.
00:29However, despite the Journal's report and the market optimism, the administration said not so fast.
00:35A White House spokesman said, President Trump has been clear.
00:38China needs to make a deal with the United States of America.
00:40When decisions on tariffs are made, they will come directly from the president.
00:43Anything else is just pure speculation.
00:46That'll do it for your daily briefing.
00:47From New York City, I'm Kelsey Barbario with The Street.