Trump told reporters that he had chosen to reduce the current rate from 57 per cent after the discussions. Ahead of his meeting with the Chinese President, Trump had threatened a sharp hike that would have raised tariffs by 100 per cent. However, he later said that he did not need to go ahead with that plan

United States (US)President Donald Trump on Thursday announced that he has decided to lower tariff rates on Chinese imports to 47 per cent, following talks with Chinese President Xi Jinping on curbing fentanyl trafficking, news agency AP reported.

Trump told reporters that he had chosen to reduce the current rate from 57 per cent after the discussions. Read More

Ahead of his meeting with the Chinese President, Trump had threatened a sharp hike that would have raised tariffs

See Full Page