US EditionTrump says China will ‘open up’ to U.S. businesses, suspend trade barriers
- On Monday, President Donald Trump announced that the U.S. And China have established a temporary arrangement to lower tariffs and allow greater access for American companies in the Chinese market.
- The agreement followed recent trade talks in Geneva, where both sides agreed to lower tariffs and China committed to removing non-tariff barriers while negotiators continue addressing major structural issues.
- The tariff reduction applies to tariffs imposed after April 2, cutting rates from as high as 145% down to 30%, with the lowest tariffs set at 10% for a 90-day period.
- Trump characterized the discussions as "very friendly" and indicated that China has committed to significantly opening its markets, though he acknowledged that it will take some time to formalize the agreement in writing.
- The agreement aims to reset trade relations by providing market access for U.S. Companies and could benefit both economies, although the tariff cuts are temporary and the final deal remains under negotiation.
13 Articles
13 Articles
Fox Business
The New York LedgerTrump says China deal will open up market for US businesses
President Donald Trump said Monday that his administration reached an agreement with China to temporarily lower tariffs while the two sides negotiate a final agreement, which the president says will open the Chinese market for U.S. firms."The biggest thing that we're discussing is the opening up China, and they've agreed to do that, but it's going to take a while to paper it, you know, that's not the easiest thing to paper," Trump said, noting t…
Trump: China Has Agreed to ‘Fully Open’ Its Markets to American Businesses
President Donald Trump has revealed that his administration's trade negotiations with China have been more successful than many had expected. The post Trump: China Has Agreed to ‘Fully Open’ Its Markets to American Businesses appeared first on Slay News.
Trump Says China Will “Fully Open” as US Rolls Back Tariffs
Trump is speaking now after Scott Bessent met with Chinese officials over the weekend and climbed down tariffs. The president says a “total reset” has been achieved and that “China will also suspend and remove all of its non-monetary barriers”: “They’ve agreed to open China, fully open China.[…] Read the rest
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