After over a year of tit-for-tat, the US and China could slash sky-high tariffs
The US and China are preparing to cut tariffs on billions of dollars worth of goods after a year of trade tensions. Both countries have agreed to discuss a framework for reciprocal tariff reductions following a recent summit between President Trump and President Xi Jinping. Analysts suggest that while this is a positive development, the impact on economic growth may be limited.
- ▪The US and China are ready to cut tariffs affecting tens of billions of dollars in goods.
- ▪A trade council has been established to facilitate discussions on tariff reductions.
- ▪China plans to restore registrations for some US beef exporters and purchase 200 aircraft from Boeing.
Opening excerpt (first ~120 words) tap to expand
Business Economy {"@context":"https:\/\/schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/www.euronews.com"},{"@type":"ListItem","position":2,"name":"Business","item":"http:\/\/www.euronews.com\/business"},{"@type":"ListItem","position":3,"name":"Economy","item":"http:\/\/www.euronews.com\/business\/economy"},{"@type":"ListItem","position":4,"name":"After over a year of tit-for-tat, the US and China could slash sky-high tariffs"}]} After over a year of tit-for-tat, the US and China could slash sky-high tariffs FILE - US President Donald Trump gestures towards Chinese President Xi Jinping while leaving after a visit to the Zhongnanhai Garden in Beijing. May 15, 2026.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Euronews.
Discussion
0 commentsMore from Euronews
