Reported 19 days ago
In a significant meeting, President Trump and China's Xi Jinping discussed a potential trade truce, with Trump proposing the elimination of fentanyl-related tariffs if China curtails exports. The US tariff on fentanyl products may be reduced from 20% to 10%, cutting overall tariffs on China from 57% to 47%. In exchange, China will pause export controls on rare earth minerals and agree to purchase substantial quantities of US soybeans. Despite skepticism about the durability of this agreement, both leaders express optimism about stabilizing trade relations.
Source: YAHOO