- The two superpowers that have entered into a trade war have put down enough weapons for now
- Jinping also softened: Dragon will buy 25 million metric tons of soybeans from America
- Tariff on China reduced from 57 to 47 percent: Tariff on fentanyl also reduced from 20 to 10 percent
The heads of both the superpowers America and China have shaken hands with each other and promised to establish peace. This important meeting was held between US President Donald Trump and Chinese President Xi Jinping in the famous resort of Busan in South Korea. After which China and America softened towards each other. On the one hand, America reduced the tariffs imposed on China, while on the other hand, China has agreed to buy American soybeans.
At the beginning of the talks, shaking hands with Chinese President Jinping, Trump said that we will make this meeting a success. He (Xi) is a tough negotiator who is not good. But we know each other well. We also have a very good relationship. Trump further said that it is an honor to meet Xi. He has been my friend for a long time. We agree on many things. President Xi is a great leader of a great country. It is an honor to meet him. At the end of the talks, Trump also announced a 10% tariff reduction on China. Xi also mentioned the trade relations between the two countries during these talks and said that it is natural for disputes to arise on some issues. But our relations are moving in the right direction.
Xi further said that amidst stormy winds and waves, challenges, you and I are taking the helm of America and China. China’s development is also moving forward in the footsteps of your Make America Great Again, I have been saying for years that China and America should remain partners and friends. China’s Secretary Scott Besant has announced that China is ready to purchase 25 million metric tons of American soybeans from the United States. This decision has been taken as part of the agreement reached between the two countries. These agreements related to trade between the two countries will remain for three years. This is the first meeting between US President Donald Trump and Jinping in six years.
The meeting of these two superpowers, which lasted for 100 minutes, mainly discussed trade. Along with this, the 57 percent tariff imposed on Chinese goods coming to the United States has been reduced to 47 percent. After the meeting, Trump said that the tariff related to fentanyl imposed on China will be reduced from 20 percent to 10 percent. Talking about the main issues of this meeting, America has reduced the tariff on China by 10 percent, on the other hand, China will buy soybeans from America, the trade deal between the two countries has been completed, now only the signing is left, Trump had said that our dispute has been resolved. There is no mention of the TikTok deal in the talks so far. Trump had also announced to visit China in April. US President Donald Trump has adopted an aggressive stance towards China many times. However, now he has suddenly been seen to have softened. On the other hand, China has also adopted a soft stance.
