Trump further noted that the 10 per cent tariff reduction on Chinese exports to the US was due to China agreeing to take "strong action" on the fentanyl issue.

US President Donald Trump on Thursday said that Washington has reached a landmark one-year trade pact with China, slashing US tariffs on Chinese imports from 57 per cent to 47 per cent, moments after his much-anticipated meeting with his Chinese counterpart Xi Jinping on the sidelines of the APEC Summit in Busan, South Korea.

Speaking to reporters aboard Air Force One, Trump stated, “We have a deal,” referring to the trade pact which will be routinely extended.

“Every year we’ll renegotiate the deal, but I think the deal will go on for a long time, long beyond the year. We’ll negotiate at the end of the year,” he added.

Trump fu

See Full Page