Trump and Xi Agree on Lower Tariffs in Trade Deal
The White House released lists of products that may benefit from lower tariffs under a trade arrangement with China, impacting $30 billion in goods in each direction. This announcement followed a summit between US President Donald Trump and Chinese President Xi Jinping.
The US could reduce tariffs on 77 categories of Chinese goods, including fireworks and sports equipment, while China’s list includes over 1,600 categories of American goods such as meats, grains, and timber. The agreement, which includes recommendations for more favorable tariff treatment for non-sensitive goods, was confirmed by Beijing.
Additionally, China committed to importing at least 10 million metric tons of coal from the US in 2027 and 2028. The trade pact, initially set to expire in November, has been extended until January 10, as stated by US Treasury Secretary Scott Bessent.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
Read full article
Continue on Punch Newspapers
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
US and China Cut Tariffs and Start AI Talks
Trump and Xi Conclude Summit, Extend Trade Truce
Xi Jinping and Donald Trump Strengthen U.S.-China Ties
Trump Welcomes Xi Jinping to White House for Talks
Trump and Xi to Explore US-China Relations at Archives
Xi Jinping Advocates for Stronger China-U.S. Ties
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
