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China signals tariff cuts, advances in farm market access after Trump-Xi summit

From brecorder.com

China and the United States have agreed to expand agricultural trade through tariff reductions ​and tackle non-tariff barriers and market access issues, China’s commerce ministry said on Saturday after this week’s summit in Beijing. The agreements are “preliminary” and will be “finalised as soon as possible,” the ministry said following U.S. President Donald Trump’s visit. China’s farm imports from the U.S. still face an additional 10% levy after last ​year’s rounds of tit-for-tat tariffs sharply curtailed trade, which fell 65.7% year-on-year to $8.4 billion ​in 2025, according to U.S. Department of Agriculture data. ... (full story)

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  • Category: Fundamental Analysis