US President Donald Trump announced that the 100 percent tariffs imposed on products imported from China will not last long. This was reported by Zamin.uz.
He explained this measure by China's restrictions on the export of rare earth elements. Last week, Trump announced the imposition of 100 percent tariffs on Chinese products and described this measure as mandatory.
He also emphasized the necessity of a fair trade agreement with China. The President confirmed that he will meet with Chinese leader Xi Jinping in South Korea in two weeks.
Trump's remarks slightly eased the gloomy mood in the stock market, and US stock indices showed growth on the last trading day of the week. This situation may reduce uncertainties in the trade sector.
The issue of tariffs and trade agreements holds significant importance in the relations between the two countries and is considered a decisive factor for economic stability.
