INTERNATIONAL
Trump, Xi to discuss tariff cuts tied to China’s fentanyl crackdown, WSJ reports
US President Donald Trump may cut tariffs on Chinese goods tied to fentanyl chemicals after meeting President Xi Jingping, pending further negotiations, WSJ reports. - REUTERS/Filepic
WASHINGTON: U.S. President Donald Trump and Chinese leader Xi Jinping will discuss a trade framework to reduce U.S. tariffs on Chinese goods in exchange for Beijing’s commitment to curb exports of fentanyl precursor chemicals, the Wall Street Journal said on Tuesday.
AI Brief
Details of the agreement would be hammered out in subsequent negotiations, and the expected deals could change depending on the meeting between Trump and Xi, the WSJ reported, citing people familiar with the talks.
The U.S. could halve the 20% levies on Chinese goods imposed in retaliation for the export of such chemicals used to make the deadly drug, it added.
Representatives for the White House could not be immediately reached for comment on the report.
Trump is scheduled to meet with Xi on Thursday as part of the U.S. Republican president's swing through Asia this week.
AI Brief
- The US might reduce tariffs on Chinese goods linked to fentanyl production.
- Final terms depend on Trump's upcoming meeting with Xi.
- The White House has not commented on the report yet.
Details of the agreement would be hammered out in subsequent negotiations, and the expected deals could change depending on the meeting between Trump and Xi, the WSJ reported, citing people familiar with the talks.
The U.S. could halve the 20% levies on Chinese goods imposed in retaliation for the export of such chemicals used to make the deadly drug, it added.
Representatives for the White House could not be immediately reached for comment on the report.
Trump is scheduled to meet with Xi on Thursday as part of the U.S. Republican president's swing through Asia this week.