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Trump cuts tariffs on Chinese imports from 20% to 10% as China vows to crack down on fentanyl exports to combat America's opioid crisis.
We don’t expect any demand from China to return to the U.S. market with this change,’ said one trader at an international trading company. ‘Brazil is cheaper than the United States and even non-Chinese buyers are taking Brazilian cargoes.
Mark Knight with Farmer's Keeper Financial says the market is digesting clarification from China on tariffs. Beijing says it will lower the 24% retaliatory tariffs but the cut still leaves a 13% tariff on U.
After threatening 100% tariffs on Chinese goods starting 1 November, President Donald Trump confirmed on Thursday that he and President Xi Jinping reached an agreement for lower levies.
China is the “engine of stability and demand” that has kept global trade resilient in the face of US President Donald Trump’s tariffs, said the boss of the world’s second-largest container shipping line.
January soybeans rallied $.13 on Wednesday as China dropped it 24% retaliatory tariffs imposed on U.S. ag goods March 4 for one year.
President Donald Trump says he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Treasury Secretary Scott Bessent said 100% tariffs on China are "effectively off the table" after a "very good two-day meeting" between the U.S. and China.
China will extend the suspension of a 24% tariff on certain U.S. goods for another year while retaining a 10% duty, the Customs Tariff Commission of the State Council said Wednesday.
Yahoo Finance is chronicling the latest news and updates on President Trump's plans to impose tariffs on goods from other countries.
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