WSJ Criticizes Trump's Reversal on China Tariffs

President Donald Trump has significantly scaled back his recently implemented tariffs on Chinese goods, according to a Wall Street Journal editorial. The administration reduced the 145 percent tariffs announced on what Trump called 'Liberation Day' to a 30 percent rate, consisting of a 10 percent global baseline tariff plus an additional 20 percent related to China's fentanyl trade. China responded by reducing its retaliatory tariffs from 125 percent to 10 percent in an agreement set to last 90 days.