#USChinaTradeTalks

The US-China trade talks have led to a significant agreement between the two nations.

🔸Key points include:

🔹Tariff Reductions: Both countries will lower tariffs by 115% while retaining a 10% tariff.

🔹Retaliatory Measures: China will remove retaliatory tariffs imposed since April 4, 2025, and suspend non-tariff countermeasures.

🔹Future Discussions: A mechanism will be established to continue trade and economic discussions.

🔹Fentanyl Crisis: Both nations will take aggressive actions to stem the flow of fentanyl and precursors from China.

🔹Trade Deficit: The agreement aims to address the US goods trade deficit with China, which was $295.4 billion in 2024.

This deal marks a step towards rebalancing the trade relationship between the two countries

$XRP