We start the day's other headlines. With more signs, the U.S. is willing to lower its tariffs on China.

Treasury Secretary Scott Bessent today said both countries see the current high tariffs as unsustainable,

but he dismissed reports that the U.S. would bring them down unilaterally.

He suggested both sides could mutually agree to lower them.

China needs to change. The country knows it needs to change. Everyone knows it needs to change,

and we want to help it change because we need rebalancing too.

President Trump speaking to reporters today claimed his administration was actively talking to China

and seeking what he called a fair deal.

Yesterday, he softened his tone saying he wouldn't play hardball with Beijing.

Chinese officials said they are ready to make a deal but wouldn't be pressured into one.

If the U.S. truly wants to resolve issues through dialogue and negotiation,

it should stop making threats and engage with China on the basis of equality, mutual respect,

and mutual benefit. Saying they want to reach an agreement with China while continuing to

apply maximum pressure is not the right way to deal with China,

and it will not work.

The Wall Street Journal reports the Trump administration is considering lowering tariffs on China

from the current 145 percent to something between 50 and 65 percent.

Also on tariffs, a dozen states have sued the Trump administration, arguing that President Trump's

tariff policy is both arbitrary and illegal. The suit filed in the U.S. Court of International

Trade argues only Congress has the authority to impose tariffs. The states say the president cannot rely

on the International Emergency Economic Powers Act

because he has not demonstrated an unusual and extraordinary threat from abroad.

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