U.S. President Donald Trump returned to Washington on Thursday after a high-stakes face-to-face meeting with Chinese President Xi Jinping, announcing new steps to ease trade tensions between the world’s two largest economies.
Breakdown
- Trump and Xi Jinping met in person to discuss trade relations.
- Trump announced he would cut tariffs on China, while China agreed to export rare-earth minerals and buy U.S. soybeans. 10s
- The tariffs were initially imposed due to concerns over chemicals used in fentanyl production, leading to Chinese export restrictions. 44s
- The trade dispute also impacted the European Union as collateral damage. 55s
- Trump will travel to China in April and invited Xi Jinping to visit the United States. 1m 24s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.