President Donald Trump signaled that he may speak with Chinese leader Xi Jinping at the end of the week, a further sign of progress in trade talks between the world’s two largest economies.
Following a weekend meeting in Switzerland, the United States and China have agreed to a 90-day tariff reduction, effective May 14.
As part of the deal, the White House will lower additional tariffs imposed on Chinese imports to 30 percent from 145 percent. China’s levies on U.S.-made goods will decrease to 10 percent from 125 percent.
According to Trump, as both sides exceeded expectations in trade discussions, China will also dismantle its non-tariff trade barriers....
