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.

U.S. Financial commentator for The Financial Times Robert Armstrong, publisher of the Bulwark Sarah Longwell, and anchor and correspondent for Bloomberg News David Gura join Nicolle Wallace to discuss the crumbling confidence in Trump's handling of the economy as China pushes back against the official White House narrative.