US President Donald Trump has hailed a meeting with Chinese President Xi Jinping as "amazing" following a 1-hour-and-45-minute bilateral discussion in South Korea. The two leaders reached agreements on reducing tariffs on Chinese imports, delaying restrictions on rare earth mineral exports, and securing purchases of American soybeans and other farm products.
Trump announced that the US has agreed to lower its tariffs on China from 57% to 47%, with the rate on certain goods being reduced from 20% to 10%. He also said that China would delay imposing dramatic restrictions on rare earth minerals, key materials for producing computer chips.
As part of the one-year agreement, Beijing will begin purchasing American soybeans "immediately," according to Trump. The deal covers not just soybeans but other farm products as well. However, Taiwan was not discussed during the talks between the two leaders.
Trump stated that Russia's war in Ukraine was a topic of discussion, with both leaders agreeing on de-escalation efforts. China's purchases of oil from Russia were also touched upon by Trump, although no agreement was reached on this matter.
A meeting is scheduled for April, with Xi then visiting the US "sometime after". Chinese officials confirmed that Beijing looks forward to working together with the US to implement and promote a positive Sino-US relationship.
Trump announced that the US has agreed to lower its tariffs on China from 57% to 47%, with the rate on certain goods being reduced from 20% to 10%. He also said that China would delay imposing dramatic restrictions on rare earth minerals, key materials for producing computer chips.
As part of the one-year agreement, Beijing will begin purchasing American soybeans "immediately," according to Trump. The deal covers not just soybeans but other farm products as well. However, Taiwan was not discussed during the talks between the two leaders.
Trump stated that Russia's war in Ukraine was a topic of discussion, with both leaders agreeing on de-escalation efforts. China's purchases of oil from Russia were also touched upon by Trump, although no agreement was reached on this matter.
A meeting is scheduled for April, with Xi then visiting the US "sometime after". Chinese officials confirmed that Beijing looks forward to working together with the US to implement and promote a positive Sino-US relationship.
. I'm not so sure about this one... it sounds like some major concessions for the US, especially with those tariffs getting slashed from 57% to 47%. What's the catch? Are we sacrificing something more valuable in return? Also, why did Taiwan get left out of the talks? That does raise some red flags 
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, can't believe how slow these trade deals are going... I mean, 1 hour and 45 minutes of talks and we finally get some agreements? It's like they're trying to make it as complicated as possible 
. And 57% tariffs gone down to 47%, big whoop 
. I'm still waiting for some actual meaningful changes in the trade war... And Taiwan, come on, completely left out of this whole thing 
. Can't even get those guys included? It feels like we're just patching up things so Trump can say he's got something done 
I'm so hyped about this news!!! Trump & Xi finally got something done after all those trade wars! Lowering tariffs on China from 57% to 47% is huge, it's gonna bring in more American jobs and stimulate the economy. And the fact that they agreed to delay restrictions on rare earth minerals is a big win for tech companies 
. I'm also loving the soybeans deal - America needs those exports! 
Russia-Ukraine talks were a great addition too, let's hope both countries can work together on de-escalation efforts 
. Can't wait to see what comes out of this one-year agreement in April 
... gotta say, it's like they're taking small steps in the right direction. Reducing tariffs & delaying restrictions on rare earth minerals is a good start 
. I hope it sets a precedent for more cooperation in the future 
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. Anyway, I guess only time will tell if this deal actually works out... 
! So Trump and Xi had this massive meeting and they came out of it all smiles and handshakes 
. The thing that's got me going is how fast they're moving on those tariffs 
. Lowering them from 57% to 47% is a huge deal, but I'm still not sure if it's enough to get China back into the US market 
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. Like what's going on there? That was supposed to be part of the agreement, right? 
. Maybe this will be a turning point for US farmers who've been struggling for years 
. Who knows what the next meeting with Xi will bring? 
... one minute you're at war, next min you're shaking hands & making deals... i mean, 57% tariffs? that's crazy talk 
... but what does it really mean for us, as consumers? 
Lowering tariffs and relaxing some restrictions on China sounds like a win-win for both countries, especially on farm products 
Trump is literally a genius for getting those tariffs down from 57% to 47%! And Chiina agreeing to buy American soybeans ASAP? That's a major win for the USA! 
I was worried that things were gonna get worse with all the trade wars and stuff, but it looks like Trump pulled off an amazing deal. Can't wait for Xi to come to the US in April! It's gonna be so cool to see those two leaders meet in person 
. And yeah, it's cool that they agreed on de-escalation efforts, but like, what's the end goal here? Is this just a temporary truce or are we actually seeing some real progress? Only time will tell 
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