U.S. Reaches 90-Day Deal with China

News Article -

Following a meeting of President Trump and Chinese President Xi Jinping, the U.S. has agreed to halt its plans to raise the tariff rate from 10 percent to 25 percent on $200 billion worth of Chinese imports. In return for the suspension of raising the tariff rate, the Chinese have agreed to purchase an increased amount of U.S. agricultural goods and products. As part of the agreement the two leaders reached in Buenos Aires, the U.S. and China will engage in 90 days of negotiations to resolve long-standing, structural issues the U.S. has with China’s policies concerning forced technology transfers, intellectual property, cyber theft, and agriculture. On Monday, National Economic Council Director Larry Kudlow told the press that he expects China to drop its retaliatory tariffs on U.S. agricultural goods in order to boost imports of U.S. agricultural goods as agreed to.

Contact Information

Contact Person