"President Donald Trump described his face-to-face with Chinese leader Xi Jinping on Thursday as a roaring success, saying he would cut tariffs on China, while Beijing had agreed to allow the export of rare earth elements and start buying American soybeans. The president told reporters aboard Air Force One that the U.S. would lower tariffs implemented earlier this year as punishment on China for its selling of chemicals used to make fentanyl from 20% to 10%. That brings the total combined tariff rate on China down from 57% to 47%"
""I guess on the scale from 0 to 10, with ten being the best, I would say the meeting was a 12," Trump said. "I think it was a 12." Trump said that he would go to China in April and Xi would come to the U.S. "some time after that." The president said they also discussed the export of more advanced computer chips to China, saying that Nvidia would be in talks with Chinese officials. Trump said he could sign a trade deal with China "pretty soon.""
President Donald Trump described his meeting with Chinese leader Xi Jinping as a major success and announced reductions in U.S. tariffs on Chinese goods. China agreed to allow exports of rare earth elements and to resume purchases of American soybeans. Tariffs imposed earlier this year as punishment for sales of chemicals used to make fentanyl were cut from 20% to 10%, lowering the combined rate from 57% to 47%. Trump said he will visit China in April and Xi will visit the U.S. later, with talks including advanced chip exports and potential Nvidia discussions. Xi urged long-term cooperation over retaliation, though strategic tensions over manufacturing, AI, and geopolitics remain.
Read at ABC7 Los Angeles
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