In a major development for global trade, US President Donald Trump announced on Thursday a reduction in tariffs on Chinese goods from 57% to 47%, following high-level discussions with Chinese President Xi Jinping in South Korea.

Trump also announced an immediate reduction in tariffs on fentanyl imports from China, lowering the rate from 20% to 10%. This decision followed China's commitment to crack down on fentanyl exports, marking a significant breakthrough in negotiations between the United States and China

The two leaders met in Busan on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, where they held talks aimed at easing long-standing economic tensions between Washington and Beijing. Trump described the discussions as a “great success,” adding that h

See Full Page