U.S. Commerce Secretary Howard Lutnick said on Wednesday that the 55% tariffs imposed by the United States on China will not change after a trade deal was struck between the two countries.

U.S. Commerce Secretary Howard Lutnick on Wednesday said the United States’ tariffs on China will not change again, even though the two countries have yet to strike a trade deal. When asked if China tariffs will remain at the current levels in an interview with CNBC,