News
Trump cuts tariffs on China after meeting with Xi
Positive ↑
Post by: JulietLuo
• At a summit in South Korea with Xi, Trump announced he would cut tariffs on Chinese imports from about 57% to 47%, as Beijing agreed to resume large‑scale U.S. soybean purchases and delay rare‑earth export controls for one year.
• The deal also covers cooperation on combatting fentanyl precursor flows, with the “fentanyl tariff” cut from 20% to 10%.
Why this matters
Analysts say this marks a tactical truce in the trade war—good news for importers and exporters in the U.S. and China—but they caution deeper structural tensions remain unresolved
