US EditionTrump, Xi to discuss tariff cuts tied to China’s fentanyl crackdown, WSJ reports
- President Donald Trump told reporters on Air Force One that he expects to lower tariffs on Chinese goods tied to fentanyl, as Beijing plans to curb precursor chemical exports.
- Chinese and U.S. officials reached a broad framework agreement in Malaysia over the weekend to set up a fuller trade deal, with tariff reduction a key concession to Beijing.
- The Wall Street Journal reported Tuesday that President Donald Trump was weighing cutting the 20% tariff to 10%, but he did not provide further specifics when asked.
- The deal would also include China making a substantial soybean purchase while the U.S. holds off on threatened export controls on software and approves TikTok U.S. operations sale.
- With a Nov. 1 tariff hike looming, halving fentanyl tariffs would reduce the average tariff around 45%, keeping Chinese goods competitive despite President Donald Trump's planned 100% levy increase.
57 Articles
57 Articles
Trump, Xi expected to discuss cutting drug-related tariff on China: US media
A US media outlet says US President Donald Trump and his Chinese counterpart Xi Jinping are expected to discuss at an upcoming summit a possible reduction of the 20 percent fentanyl-related US tariff on China.
Donald Trump said he hopes to reduce the tariffs that the United States imposed on China for trafficking in fentanyl and to talk to Xi Jinping about Nvidia's star product, the artificial intelligence chip Blackwell. "I hope to reduce them because I believe they will help us with the fentanyl situation," Trump told the press on board the Air Force One, a day before his meeting with the Chinese president.The meeting between Trump and Xi Jinping wi…
China has confirmed a meeting between US President Trump and Beijing's leader Xi. The talks are also about tariffs.
Donald Trump also wants to meet Xi Jinping on his Asia trip. The US President is relying on China's help to control the fentanyl crisis in the US.
Trump Hints At Cutting Fentanyl Tariffs, Discussing 'Farmers' Ahead Of High-Stakes Xi Jinping Meeting - NVIDIA (NASDAQ:NVDA)
President Donald Trump signaled on Wednesday that he expects to lower fentanyl-linked tariffs on China, a potential major concession ahead of a high-stakes meeting with Chinese President Xi Jinping in South Korea this week. Fentanyl Flow And Farmers On Agenda For Trump-Xi Meet Speaking to reporters aboard Air Force One, Trump confirmed that fentanyl flows into the U.S. and “farmers” will be among the key topics he plans to discuss with Xi on Thu…
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- 48% of the sources lean Right
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