World news Tariffs

Trump lowers tariffs on Chinese goods

10:29 30 окт 2025.  407 Читайте на: УКР РУС

US President Donald Trump said he agreed to lower tariffs on Chinese goods by 10%, bringing the total US tariff rate to 47%.

In addition to lowering tariffs, the parties reached conclusions on many very important issues, although Trump did not announce the conclusion of a trade agreement, NBC News reports.

China, which recently resumed purchases of US soybeans after several months of boycott, will purchase large, colossal volumes of soybeans and other agricultural products from the US.

He noted that Beijing will not create any obstacles to the export of rare earth metals needed for the production of modern technologies and will postpone the introduction of export controls for a year.

Trump called the meeting with Xi Jinping amazing and rated it 12 out of 10.

“He is an outstanding leader of a very powerful country,” he said.

Photo: screenshot.

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