President Trump vowed his administration will reach a "fair deal" with China on trade as he floats substantially reducing tariffs on Beijing.

U.S. President Donald Trump this week said his administration is talking with China to strike a tariff deal and that Chinese President Xi Jinping had called him, Time magazine reported, as Beijing has so far disputed the U.

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

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.

Treasury Secretary Scott Bessent said President Trump will not reduce tariffs on China without an agreement by both governments to de-escalate their trade conflict.