TL;DR – US-China trade deal latest
- Donald Trump described his recent meeting with Chinese President Xi Jinping as “amazing,” confirming reduced tariffs on Chinese goods exported to the US, which could benefit consumers.
- Both leaders agreed that China would make efforts to curb the flow of fentanyl to the US, amid ongoing trade tensions and previously imposed tariffs.
- Despite a largely positive meeting, significant political issues remain unresolved, including the situation surrounding Taiwan, highlighting ongoing distrust between the two nations.
Donald Trump says tariffs will be cut after ‘amazing’ meeting with Xi Jinping
Donald Trump has described crucial trade talks with Chinese President Xi Jinping as “amazing” – and says he will visit Beijing in April.
The leaders of the world’s two biggest economies met in South Korea as they tried to defuse growing tensions – with both countries imposing aggressive tariffs on exports since the president’s second term began.
Catch up on Trump-Xi meeting – as it happened
Aboard Air Force One, Mr Trump confirmed tariffs on Chinese goods exported to the US will be reduced, which could prove much-needed relief to consumers.
It was also agreed that Beijing will work “hard” to stop fentanyl flowing into the US.
Semiconductor chips were another issue raised during their 100-minute meeting, but the president admitted certain issues weren’t discussed.
“On a scale of one to 10, the meeting with Xi was 12,” he told reporters en route back to the US.