Trump Announces Trade Deal with China Featuring 55% Tariff

Reported 2 days ago

President Trump declared that the U.S. and China reached a trade agreement following two days of negotiations, imposing a 55% tariff rate on China and a 10% tariff on the U.S. However, the deal requires final approval from both Trump and Chinese President Xi Jinping. Key points of the agreement include terms on rare earth supplies and access for Chinese students to American universities.

Source: YAHOO

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