Trump said trade deal with China is done, subject to Xi’s approval
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Trump said trade deal with China is done, subject to Xi’s approval and that US is getting 55% while China is getting 10%.
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Citing the White House, Bloomberg said the 55% tariff on China includes a 10% baseline duty, a 20% charge tied to fentanyl trafficking and roughly 25% preexisting tariff.
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US and China trade representatives agreed yesterday to revive the terms of a deal entered in Geneva last month that included a 90-day pause on the high tariffs that the two nations had imposed on each other.
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It’s unclear whether the 90-day pause still holds.
