Trump cuts China tariff
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The fact sheet — which describes the concessions from China as “a massive victory that safeguards U.S. economic strength and national security” — is the latest installment in the White House’s media victory lap touting the results of Trump’s meeting with Xi.
President Donald Trump and Xi Jinping agree on soybean purchases after China shifted purchases to Brazil, a move that hurt American farmers.
China criticized Japan’s Prime Minister Sanae Takaichi for meeting with Taiwan officials on the sidelines of the Asia-Pacific Economic Cooperation summit and her subsequent social media posts about the discussions.
Defense secretary praises U.S.-China relations but says better communications needed to “deconflict and deescalate any problems that arise.”
"China, which takes more than 60% of world soybean imports, has nearly completed booking cargoes from Brazil and Argentina through November, with limited purchases expected for December and January ahead of the Brazilian harvest.
But on Thursday, Mr Trump and Chinese President Xi Jinping reached an agreement. It amounts to China buying 12 million metric tons of soybeans this year, and at least 25 million metric tons over each of the next three years. That would ultimately return purchasing volume to the levels seen prior to the trade war.
President Lai Ching-te rejected Beijing’s latest push to get the self-governing island to come under Chinese control under a system of autonomy it uses for Hong Kong and Macau.