Trump reduces China tariffs after meeting with Xi

end of the US President’s Asia trip on which he also claimed trade deals with South Korea, Japan and Southeast Asian nations, the 30 October report said. “It was an amazing meeting,” Trump told reporters aboard Air Force One shortly after he left Busan. According to a BBC report on 30 October, Beijing’s response – in the form of an official readout – was less specific, saying they had reached a consensus to resolve “major trade issues”. Trump said tariffs on Chinese imports would be cut to 47% from 57% by halving the rate of tariffs related to trade in fentanyl precursor drugs to 10%. China agreed to pause export controls announced this month on rare earths. In addition to trimming fentanyl tariffs, Beijing had sought an easing of export controls on sensitive US technology and a rollback of new US port fees on Chinese vessels aimed at reducing China’s global dominance in shipbuilding, ocean freight and logistics. At the time of the report, Trump had not commented on US concessions ...