President Donald Trump has floated cutting tariffs on China from 145% to 80% ahead of a weekend meeting among top U.S. and Chinese trade officials as he looks to deescalate the trade war between the world's two largest economies.

The president said reducing tariffs to 80 percent from the current 145 percent “sounds right,” as U.S. and Chinese negotiators prepare to meet in Switzerland.

An eighty percent "tariff on China seems right! Up to Scott B," the president posted, seemingly leaving the decision up to his Treasury secretary.