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U.S.-China Trade Developments and Economic Outlooks

President Trump Announces Potential Tariff Reductions Following Diplomatic Meetings

In recent political developments, President Donald Trump indicated that the United States might soon reduce tariffs on Chinese goods. This announcement came after his meetings with Chinese President Xi Jinping and South Korean officials aboard Air Force One. During an interview with CBS News, Trump expressed optimism about reaching an agreement, stating, "We have a deal now" and suggesting that negotiations will continue yearly, but the core deal might endure well beyond 2023.