China Signals Tariff Cuts Post-Trump-Xi Summit Amid Market Plunge

After a summit between President Trump and President Xi, China signaled tariff cuts and greater market access for farm products. However, global markets plunged amid concerns about the summit's aftermath, indicating investor apprehension despite the announced concessions.

16 May, 21:25 — 16 May, 21:25

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channel-news-asiaMostly Factual2h ago

China signals tariff cuts, advances in farm market access after Trump-Xi summit

Market watchers expect a 10 percent cut in soybean tariffs, which could allow private Chinese crushers to resume purchases that were largely sidelined during last year's US harvest, when state crop traders were the only buyers.

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First report: Yahoo · 16 May, 13:23|Full coverage: 2 · 8h|Window: 8h

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Yahoo16 May, 13:23First to report

Markets Plunge Amid Concerns About Aftermath of China Summit

8h later

channel-news-asia16 May, 21:25Latest update

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China Signals Tariff Cuts Post-Trump-Xi Summit Amid Market Plunge

Sources

China signals tariff cuts, advances in farm market access after Trump-Xi summit

Coverage Timeline

Markets Plunge Amid Concerns About Aftermath of China Summit

China signals tariff cuts, advances in farm market access after Trump-Xi summit

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