US-China Trade Negotiations

SOURCE www.cnn.com
President Trump sets negotiating terms with China, proposing lower tariffs in exchange for increased US imports; talks in Geneva this weekend may not result in a deal.

Key Points

  • Trump demands China to import more US goods
  • Proposes lowering US tariffs on most Chinese goods to 80%
  • Negotiations set to take place in Geneva this weekend

Pros

  • Potential for lower tariffs on Chinese goods
  • Opportunity for increased US exports to China

Cons

  • Uncertainty surrounding the outcome of the negotiations
  • Possible economic impacts of the trade war