The president told reporters aboard Air Force One that the U.S. would lower tariffs implemented earlier this year as punishment on China for its selling of chemicals used to make fentanyl from 20% to 10%. That brings the total combined tariff rate on China down from 57% to 47%
“I guess on the scale from 0 to 10 ... I would say the meeting was a 12,” Trump said aboard Air Force One as he returned to Washington after spending five days in three Asian countries. Their meeting lasted an hour and 40 minutes.
Trump’s aggressive use of tariffs since returning to the White House for a second term combined with China’s retaliatory limits on exports of rare earth elements had given the meeting newfound urgency.
