China Indicates Tariffs Were Discussed at Trump Summit

Trump left Beijing on Friday after two days of talks with President Xi Jinping that featured pageantry ​and warm rhetoric but limited detail on concrete outcomes across trade and ​investment.

Market watchers expect a 10 per cent cut in soybean tariffs, which could allow private Chinese crushers to resume purchases that were largely sidelined during last year's US harvest, when state crop traders were the only buyers.

China granted five-year export licenses to 77 US beef facilities, while renewing expired licenses of 425 other plants for another five years

The statement marked Beijing’s first public confirmation of a trade agreement between the two sides following a two-day summit meeting in Beijing between Trump and Chinese leader Xi Jinping.