economy
China Buys American Planes, Trump Cuts Tariffs: These Are the Results of the Historic Visit to China
China and the US are negotiating an extension of the trade truce and a reduction of tariffs, while an agreement has been reached on resuming the sale of Boeing aircraft to China after a nearly ten-year standstill. The agreement is the result of a meeting between Donald Trump and Xi Jinping in Beijing.
TL;DR
- China and the US are negotiating to extend the trade truce.
- Discussions are underway to reduce tariffs between the two countries.
- An agreement has been reached for Boeing to resume selling planes to China.
- This marks the end of a nearly ten-year standstill in Boeing sales to China.
- The agreements were a result of a meeting between Donald Trump and Xi Jinping in Beijing.