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Washington, D.C.: On Friday, President Donald Trump hinted that he might reduce tariffs on imports from China as both countries gear up for trade discussions this weekend.
Trump stated, “An 80% tariff on China seems appropriate!” referring to the potential reduction from the current 145%, with some goods incurring up to a shocking 245% in duties.
He mentioned it’s “Up to Scott B.,” indicating US Treasury Secretary Scott Bessent’s role, as he will be meeting with China’s Vice Premier He Lifeng this weekend in Geneva in an effort to ease the ongoing tensions affecting international markets.
Trump did not clarify whether he believes 80% should be the final tariff rate on Chinese goods post-trade conflict or if it’s only a temporary measure.
In a separate message, Trump exclaimed in all capital letters, “China must open its market to the USA — this would be tremendously beneficial for them!!! Closed markets are no longer effective!!!”
His remarks came a day after he introduced what he referred to as a groundbreaking trade agreement with the United Kingdom, marking the first deal with any nation following his recent declaration of sweeping global tariffs.
Trump emphasized that the UK agreement would be the first of many, expressing his hope that challenging negotiations with both the EU and China could yield fruitful outcomes soon.
A number of countries are seeking to engage in discussions with Washington to mitigate the impact of Trump’s tariffs, which vary significantly — from 10% for many nations to the exceedingly high rates imposed on China, his primary target.
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