FX.co ★ Trump Says China Agreed to Remove Non-Tariff Barriers

President Donald Trump announced on Monday that China has consented to lift non-tariff barriers on American goods, suggesting the potential for further concessions as negotiations progress. "China will also suspend and remove all of its non-monetary barriers. They've agreed to do that," Trump stated from the White House. Following discussions over the weekend in Switzerland, the Trump administration agreed to significantly reduce its high tariffs on Chinese imports, lowering them from 145% to 30%. In a reciprocal gesture, Beijing decreased its retaliatory tariffs on U.S. products from 125% to 10%, indicating both nations' readiness to continue negotiations.