Donald Trump and Chinese Leader Reach Promises on Future Trade Agreements
Former U.S.
President Donald Trump announced a successful agreement with Chinese leader Xi Jinping regarding trade relations.
During their recent meeting at a summit in South Korea, both leaders reportedly reached fundamental understandings capable of easing the trade tensions between the world’s two leading economies.
Trump stated they discussed nearly all issues, including soybean trade and tariffs related to fentanyl.
He emphasized that the signing of the agreement is imminent and could happen very soon.
According to the former president, this deal will be valid for at least a year and will be regularly reviewed for adjustments and improvements.
Trump highlighted that the agreement is crucial for long-term stability and development of trade relations, expressing confidence that such steps will benefit global economic stability and strengthen cooperation between Washington and Beijing.
This will make the trade climate more stable and predictable for businesses, he added.
After the meeting, Trump noted that U.S.-China negotiations have entered a constructive phase, with all parties committed to further collaboration.
The new breakthrough in bilateral relations has already sparked speculation about potential improvements in the global economic situation and a reduction in tariffs in the near future.