US predicts doubling of exports following trade agreement with China
Under the agreement, the US will maintain 25% tariffs on approximately $250bn of Chinese imports while reducing tariffs to 7.5% on $120bn in products. China has agreed to make substantial purchases of US goods and services
News of the agreement will be welcomed by US exporters, especially the nation’s farmers who have been especially hard hit by the trade war as China imposed retaliatory tariffs
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