Trump lowers tariffs on China after meeting with Xi

US president Donald Trump told reporters aboard Air Force One that the U.S. would lower tariffs implemented earlier this year as punishment on China for its selling of chemicals used to make fentanyl from 20% to 10%. That brings the total combined tariff rate on China down from 57% to 47%.

US President Donald Trump and Chinese President Xi Jinping met on October 29 in Busan, South Korea.