Levies could be cut by more than half in some cases although President Trump hasn’t yet made a final decision.

The Trump administration would look at lowering tariffs on imported Chinese goods pending talks with Beijing, a source familiar with the matter said on Wednesday, adding that any action would be in conjunction with negotiations and not made unilaterally.

The Trump administration on Tuesday signaled the possibility of cooling trade tensions between the U.S. and China. Why it matters: Investors are hoping for deals that might roll back the steep tariffs on Chinese goods that are expected to roil the global economy.