US to reduce tariffs on China to 47%
Crypto Briefing
The US will lower tariffs on Chinese imports from 57% to 47% following a meeting between Presidents Trump and Xi.Summary
The United States announced a significant policy change, reducing tariffs on Chinese imports from 57% down to 47%. This reduction follows a meeting between President Donald Trump and Chinese President Xi Jinping on Wednesday. Trump stated that the issue concerning rare earths was resolved and that China would immediately resume purchasing soybeans. The agreement is set for one year with expectations of renewal, and Trump plans to visit China in April. This tariff adjustment is part of ongoing, structured negotiations between the two nations aimed at rebalancing trade and implementing structural reforms.
(Source：Crypto Briefing)