Trump proposed to lower tariffs on Chinese imports to 80% from 145% on eve of negotiations with the country's third-largest trading partner.

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.

Bitcoin is trading at $103,000 on May 10 as markets digest fresh comments from U.S. President Donald Trump, who said his administration will enforce a “baseline” 10% tariff on all imports, with room for exceptions only in “exceptional” cases.