Trump Says US Achieved Total Reset With China

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Here's a description of the situation based on Trump's announcement:

Trump Declares ‘Total Reset’ in U.S.–China Trade Relations

President Donald Trump has announced a "total reset" in trade relations between the United States and China, following a breakthrough agreement aimed at reducing tensions and reshaping economic ties.

As part of the deal, both countries agreed to significantly lower tariffs: the U.S. cut duties on Chinese goods from 145% to 30%, while China slashed tariffs on American products from 125% to 10%. The agreement also includes provisions for China to remove non-tariff barriers and to open its markets further to American companies.

Trump hailed the deal as a historic win, claiming it would boost U.S. exports and create fairer trade terms. The announcement sparked positive reactions in financial markets, especially among retailers and logistics companies expecting a surge in cross-border trade.

However, analysts remain cautious, noting that the tariff cuts are temporary—lasting 90 days—and that deeper structural issues remain unresolved. Despite the upbeat tone, uncertainty still looms over the long-term stability of U.S.–China economic relations.

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Here’s a description of the situation:

Trump Declares “Total Reset” in U.S.–China Relations

Former U.S. President Donald Trump has announced a “total reset” in trade relations with China, following new agreements reached during high-level talks in Geneva. The move comes after months of escalating tariffs and economic tension between the two global powers.

Key points of the reset include:

Tariff Reductions: The U.S. will lower tariffs on Chinese imports from 145% to 30%, while China will reduce its tariffs on U.S. goods from 125% to 10%. These changes will last for 90 days, during which broader negotiations will continue.

Improved Market Access: China has pledged to open its markets more fully to American companies, a long-standing U.S. demand aimed at correcting trade imbalances.

Removal of Trade Barriers: The deal also includes the removal of several non-tariff barriers, making it easier for U.S. exports to enter the Chinese market.

Trump praised the agreement as a “historic win” for American workers and businesses. Markets responded positively, especially in sectors like retail and shipping. However, analysts caution that the agreement’s temporary nature and the unpredictability of past trade policies may leave businesses uncertain in the long run.

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