President Trump says the U-S and China have agreed to a new trade framework and tariffs. After two days of talks between the world’s two largest economies, the U-S and China have come to terms on a framework that could lead to a trade deal. President Trump posted online that the “deal” is done subject […]
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Trump announces new US-China trade framework and tariffs
President Trump says the U-S and China have agreed to a new trade framework and tariffs. After two days of talks between the world’s two largest economies, the U-S and China have come to terms on a framework that could lead to a trade deal. President Trump posted online that the “deal” is done subject to approval from himself and Chinese leader Xi. Under the agreement, U-S tariffs will be set at 55 percent and China’s tariffs will be 10 percent. The president said the U-S will get magnets and rare earth minerals from China and, in return, Chinese students will be allowed to attend American colleges and universities.