China Problems Persist Despite Trump Trade Truce
President Donald Trump and Chinese leader Xi Jinping agreed to a one-year trade truce, easing tariffs and controls.
The agreement rolls back plans for a 100% tariff on Chinese imports and new export controls on software, unveiled by Trump on October 10.
- The US will cut tariffs by 10%.
- The US will suspend port fees on Chinese vessels.
- The US will postpone export restrictions on Chinese companies accessing American technology.
Despite the truce, China’s deeper economic troubles are far from resolved.
Author's summary: Trump and Xi agreed to a trade truce easing tariffs.