Trade Truce

Trade Truce

May 21, 2018

NASHVILLE, Tenn (RFD-TV) The U.S. and China have reached a trade truce. Both nations agree not to impose previously threatened tariffs. China also pledges to buy more U.S. goods and reduce its trade surplus, although it's unclear just how much the increase will be. 

The announcement comes following weeks of tariff threats from both countries. China also agreed to address U.S. concerns about protection of intellectual property. 

Treasury Secretary Steven Mnuchin told "Fox News Sunday" that the two countries have made meaningful progress. “The President has been very clear since the first meeting with President Xi in Maralago that we are going to reduce the trade deficit,” Mnuchin said. “We have an agreement with China that they will substantially agree to it.”

The United States intends to send a team to China to hammer out the details of the new agreement. The announcement comes after China decided to end an anti-dumping probe into U.S. sorghum imports.

Watch the above video for further details in this latest development.

  • NEWSMore>>

  • What sets Conterra Apart

    What sets Conterra Apart

    Wednesday, December 5 2018 4:05 PM EST2018-12-05 21:05:36 GMT
    Conterra - Financing American AgricultureConterra - Financing American Agriculture

    Conterra Ag Capital serves all aspects of agriculture, offering flexible financing that is tailored to each producer’s goals.

    Conterra Ag Capital serves all aspects of agriculture, offering flexible financing that is tailored to each producer’s goals.

  • The Nation Remembers George H.W. Bush

    The Nation Remembers George H.W. Bush

    Wednesday, December 5 2018 10:56 AM EST2018-12-05 15:56:29 GMT
    George H. W. Bush: 1924 – 2018George H. W. Bush: 1924 – 2018

    America’s 41st President will will be remembered at a state funeral in Washington D.C. today.

    America’s 41st President will will be remembered at a state funeral in Washington D.C. today.

  • Farm Trade Negotiations with Asia Renewed

    Farm Trade Negotiations with Asia Renewed

    Tuesday, December 4 2018 3:31 PM EST2018-12-04 20:31:35 GMT
    Trade truce with China in the works?Trade truce with China in the works?
    US-China trade fallout continues.US-China trade fallout continues.

    President Donald Trump and Chinese President Xi appear to have reached a trade truce during the recent G20 Summit in Buenos Aires.

    President Donald Trump and Chinese President Xi appear to have reached a trade truce during the recent G20 Summit in Buenos Aires.

Powered by Frankly
All content © Copyright 2000 - 2018 Frankly and RFDTV. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service , and Ad Choices .