"Speaking aboard Air Force One after the summit at Gimhae Air Base in Busan, Trump said tariffs on Chinese goods would drop to 47 percent, down 10 percent from previous levels, while Beijing agreed to delay rare earth mineral restrictions for a year and resume large-scale purchases of American soybeans. I would say on a scale from 1 to 10, with 10 being the best, I would say the meeting was a 12, Trump said. A truly great meeting."
"I had a truly great meeting with President Xi of China. There is enormous respect between our two Countries, and that will only be enhanced with what just took place. We agreed on many things, with others, even of high importance, being very close to resolved. I was extremely honored by the fact that President Xi authorized China to begin the purchase of massive amounts of Soybeans, Sorghum, and other Farm products. Our Farmers will be very happy!"
President Donald Trump announced a cut to tariffs on Chinese imports to 47 percent, down 10 percentage points from previous levels. Beijing agreed to delay rare-earth mineral restrictions for one year and to resume large-scale purchases of American soybeans, sorghum, and other farm products. Washington agreed to suspend for one year an investigation into China's shipbuilding sector and pause a rule expanding export controls. China committed to increase cooperation on halting fentanyl precursors. The measures aim to cool the trade war and expand bilateral economic cooperation.
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