Trump-Xi summit yields coal pledge as tariff talks extend
The package covers $30 billion in imports each way and adds new trade, agriculture and AI channels while extending the truce.
- President Donald Trump and Chinese President Xi Jinping concluded a Washington summit this week, reaching an agreement to lower tariffs on $30 billion of goods, affecting approximately $60 billion in annual two-way trade.
- Treasury Secretary Scott Bessent announced that Washington and Beijing agreed to extend their existing trade truce by two months, facilitated by the newly operational China Board established during this week's meetings.
- China will purchase at least 10 million metric tons of American coal in 2027 and 2028, while lower duties apply to American agricultural goods, seafood, timber, and medical devices under the agreement.
- "The two leaders agreed to use the term 'super intelligence' rather than 'artificial intelligence' to describe the applicable emerging technologies," the White House said; both nations will sign a military memorandum of understanding soon.
- Despite these agreements, major disagreements regarding Taiwan and semiconductors remain unresolved; Treasury Secretary Scott Bessent confirmed four meetings between Trump and Xi are expected this year.
194 Articles
194 Articles
US, China Move to Cut Tariffs on $60 Billion in Goods
The United States and China are preparing to reduce tariffs on about $60 billion worth of goods, covering products ranging from U.S. agricultural goods and seafood to Chinese toys and household appliances. The agreement follows last week’s Washington summit between President Donald Trump and Chinese leader Xi Jinping and comes alongside another two-month extension of […]
US, China Reach Deal On Tariff Cuts On $30B In Goods Each
An intergovernmental body tasked with managing trade between the U.S. and China has reached an agreement on $30 billion worth of nonsensitive goods exported from one country to the other that could benefit from more favorable tariff treatment.
US and China take another step back from a full-scale trade war
The United States and China are taking another step back from a full-scale trade war. After a meeting between Donald Trump and Xi Jinping, the two sides agreed to reciprocal tariff reductions covering about $30 billion worth of goods in each direction. Around 90% of the covered products are expected to return to most-favored-nation tariff rates. However, this does not amount to a broad cancellation of US and Chinese tariffs. Instead, it is a lim…
Home articles, toys, Christmas lights: USA and China publish the list of goods on which to lower duties. Without dates and without rates, but above all only on less controversial and strategic products. Nothing on chips, rare earths and soy: the price pact does not touch the points that most hurt both.
Coverage Details
Bias Distribution
- 53% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
