Trump's Risky Trade Deal with Xi: Tariff Concessions Amidst Red Flags

Reported about 6 hours ago

President Trump made a controversial concession to Chinese leader Xi Jinping by agreeing to cut tariffs on Chinese goods by 10% in exchange for China’s commitment to address fentanyl issues. This deal, aimed at revitalizing trade between the US and China, raises concerns as Trump's administration has struggled in past negotiations, and China has a history of failing to fulfill commitments. While the reduction may ease prices for American consumers, it risks alienating US allies and could set a troubling precedent for future trade relations.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis