Reported about 8 hours ago
In a significant development, President Trump and China's Xi Jinping publicly discussed their emerging trade truce, with Trump suggesting potential elimination of fentanyl tariffs contingent on China's cooperation to halt exports. The U.S. will reduce tariffs on fentanyl-related goods from 20% to 10%, lowering overall tariffs on Chinese goods from 57% to 47%. Concurrently, China will suspend its controls on rare earth exports and resume significant purchases of U.S. soybeans, marking a step towards easing tensions between the two economic powerhouses after a tumultuous trade period.
Source: YAHOO