China and U.S. Agree to Lower Tariffs and Boost Agricultural Trade Following Trump-Xi Summit
China and the United States have agreed to reduce tariffs on certain products to enhance bilateral trade, following a summit between U.S. President Trump and Chinese President Xi Jinping in Beijing. The Chinese Ministry of Commerce announced that both nations will implement measures to expand trade, particularly in agriculture. Although specific details are still under negotiation, the agreement marks a step towards stabilizing relations between the two largest global economies. The summit, which took place from May 14-15, was the first visit by a U.S. president to China in nearly a decade. Discussions covered various issues, including trade, Taiwan, and the Iran war. Despite President Trump's statement that tariffs were not discussed, the Chinese Commerce Ministry highlighted the mutual decision to cut levies as a positive outcome of the talks. 
