US EditionTrump says China will ‘open up’ to U.S. businesses, suspend trade barriers
- President Donald Trump announced that the United States and China agreed to temporarily reduce tariffs and open Chinese markets to U.S. Businesses following recent trade talks in Geneva.
- This agreement follows intensive negotiations initiated by Treasury Secretary Scott Bessent, aiming to reset trade relations and address longstanding non-tariff barriers between the countries.
- The agreement features a temporary 90-day reduction in U.S. Tariffs targeting Chinese goods, lowering them from 145% down to 30%, while China will reciprocate by cutting its tariffs on American products from 125% to 10%; nevertheless, tariffs on certain items such as steel, aluminum, and automobiles will remain unchanged.
- Trump described a "total reset" between the two countries, highlighting that China has committed to removing numerous non-monetary trade barriers. He emphasized that this progress will benefit both nations by fostering peace and creating job opportunities.
- The tariff reduction is temporary pending a final agreement, with further talks planned to resolve major structural issues and enhance market access for U.S. Firms in China.
20 Articles
20 Articles
Trump says China will open up to the US with “very solid” trade agreement
U.S. President Donald Trump was confident that China will open up to the U.S. with a “very solid” trade deal, in statements to Fox News this Tuesday, hours before heavy tariffs on each other are suspended. “We have the framework of a very, very solid agreement with China. But the most exciting part of the deal is China’s opening up to business with the U.S.,” said U.S. president on board the Air Force One, with which he makes a tour of the Persi…
Fox Business
The New York LedgerTrump says China deal will open up market for US businesses
President Donald Trump said Monday that his administration reached an agreement with China to temporarily lower tariffs while the two sides negotiate a final agreement, which the president says will open the Chinese market for U.S. firms."The biggest thing that we're discussing is the opening up China, and they've agreed to do that, but it's going to take a while to paper it, you know, that's not the easiest thing to paper," Trump said, noting t…
Trump: China Has Agreed to ‘Fully Open’ Its Markets to American Businesses
President Donald Trump has revealed that his administration's trade negotiations with China have been more successful than many had expected. The post Trump: China Has Agreed to ‘Fully Open’ Its Markets to American Businesses appeared first on Slay News.
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