Secretary of Commerce Howard Lutnick hit the Sunday morning talk shows to reassure Americans that President Donald Trump's tariff plan is going to work out in the long term as dock workers and truckers report job cuts due to falling imports.

The meeting is the strongest sign yet that the world's two biggest economies are ready to de-escalate their trade war.

Long-threatened tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad — all while on-again, off-again new levies continue to escalate uncertainty