A USA official confirmed the rollback would be part of the first phase of a trade agreement that is still being put to paper for Trump and President Xi Jinping to sign.
The U.S. now levies tariffs on roughly $360 billion in Chinese imports and plans to extend the import fees to everything Americans buy from China starting December 15.
Trump made clear Friday that the USA hasn't yet reached an agreement and emphasized that he wouldn't eliminate all tariffs.
But China was also seeking cancellation of other US tariffs put in place since July 2018.
Macron, calling himself the envoy of the whole of the European Union sought to send out a message that the EU bloc is not looking up to Trump who is not championing multilateralism, per media reports. Total wine is a famous counterpart in the U.S.
"President Trump's tariffs are the centerpiece of his confrontation with the Chinese Communist Party - and they have worked brilliantly, forcing the Chinese to the table", said Steve Bannon, the president's former chief strategist.
Negotiations have dragged on, despite Mr Trump's saying last month that the two sides had reached consensus on terms for a limited "phase one" agreement that could be signed within weeks.
The figures come as a Chinese spokesman announced that Beijing and Washington have agreed to reduce some punitive tariffs on each other's goods as part of an initial trade agreement.
A source briefed on the talks told Reuters on Tuesday that Chinese negotiators want Washington to drop 15% tariffs on about $125 billion worth of Chinese goods that went into effect on September 1. "If phase 1 is finalized, it is unlikely to pave the way for a phase 2: The U.S. will set a high bar for any additional tariff relief, and there are no signs that Beijing is contemplating major concessions on sensitive issues such as industrial subsidies and cyber security", he wrote in a memo Friday.
A person familiar with China's negotiating position said it was pressing Washington to "remove all tariffs as soon as possible". But U.S. officials say the two governments are looking for a different location.
U.S. Commerce Secretary Wilbur Ross said this week any "Phase 1" agreement would be general and cover trade in specific areas such as soybeans and liquefied natural gas.
China's exports declined less than expected in October as optimism rose about an interim trade deal with the USA, while imports contracted for a sixth straight month.
"Oil is in pause mode as traders await more details on the trade talks", said Stephen Innes, Asia Pacific market strategist at AxiTrader.