U.S.-China Trade Negotiations

SOURCE www.breitbart.com
President Trump may speak with Chinese President Xi Jinping at the end of the week following a key agreement in trade negotiations. The U.S. and China agreed to a 90-day reduction in tariffs, with some exceptions. Discussions were described as friendly and productive, with hopes of resolving larger structural issues.

Key Points

  • 90-day reduction in tariffs agreed upon by the U.S. and China
  • Discussions described as friendly and productive
  • Focus on resolving larger structural issues

Pros

  • Potential reduction in tariffs between the U.S. and China
  • Positive relationship between President Trump and President Xi Jinping
  • Speedy agreement reached between officials

Cons

  • 10% tariff to remain in place despite the reduction
  • Certain tariffs on specific goods not included in the agreement