U.S. President Donald Trump said on Friday an 80% tariff on Chinese goods "seems right," suggesting for the first time a specific alternative to the 145% levies he has imposed on Chinese imports ahead of closely watched weekend talks between the two countries.

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.

President Donald Trump suggested lowering tariffs on China ahead of trade talks. By how much? From current 145 percent levels down to 80 percent. China currently has 125 percent tariffs on U.S.-made goods. Trump’s treasury secretary and Chinese officials will meet this weekend.