US President Donald Trump has said he had agreed to reduce tariffs on China to 47% in exchange for Beijing resuming US soybean purchases, keeping rare earths exports flowing and cracking down on the illicit trade of fentanyl. His remarks after face-to-face talks with Chinese President Xi Jinping in the South Korean city of Busan, their first since 2019, marked the finale of Mr Trump s whirlwind Asia trip on which he also touted trade breakthroughs with South Korea, Japan and Southeast Asian nations. I thought it was an amazing meeting, Mr Trump told reporters aboard Air Force One shortly after he departed Busan, adding that tariffs imposed on Chinese imports would be cut to 47% from...
Friday 31 October 2025
wn.com - 19 hours ago
Trump cuts China tariffs after amazing Xi meeting
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