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US Tariffs I China: The US President Donald Trump on Thursday (October 30) said tariffs on China will be 47%, down from 57%. He said there will be no more roadblocks on rare earths, and it is a one-year agreement that will be extended.

After the highly-anticipated Xi-Trump meet was held in Busan on October 30, Thursday, the US President Donald Trump announced a 10% reduction in tariffs from 47% to 57%.

On rare earth elements, Trump said China rare earths deal is for a one-year-long duration, and remains extendable.

Also Read: Trump Calls Xi A "Very Tough Negotiator" During Bilateral Talks In Busan

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Meanwhile, he noted "large amounts" of soybeans will be purchased immediately by China.

The US President also

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