Trump Lowers China Tariffs to 47% After ‘Remarkable’ Meeting with Xi Jinping Busan/Washington: U.S. President Donald Trump announced a reduction in tariffs on Chinese imports to 47% from 57% following what he described as an “amazing meeting” with Chinese President Xi Jinping in Busan, South Korea. The move comes after Beijing agreed to resume U.S. soybean imports, maintain exports of rare earth elements, and curb the illegal trade of fentanyl. The high-profile meeting, held on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, was the first in-person interaction between…
Read MoreTrump Lowers China Tariffs to 47% After ‘Remarkable’ Meeting with Xi Jinping
