The world heaved a sigh of relief! Talk made between America and China, now 100% tariff will not be imposed, big agreement will be reached soon: US-China trade war

The ongoing conflict between the world’s two biggest enemies, America and China, is now on the verge of ending. The biggest relief news for the global markets is that the ‘trade war’ that has been going on between the two countries for months may stop soon. After two days of high-level talks in Malaysia, the US and China have agreed that they are ready to resolve a number of contentious issues. This success almost clears the way for a final agreement between President Donald Trump and Chinese President Xi Jinping.

The biggest threat of 100% tariff has been averted

The biggest good news that has come out of this meeting is that President Trump’s threat to impose 100% tariff on Chinese goods has now been put on hold. US Treasury Secretary Scott Besant clearly stated that this threat has “effectively been averted.”

A Chinese official also confirmed that the two sides have managed to reach initial consensus on key issues such as export controls, fentanyl (a type of drug) and taxes on shipping. The US also hopes that China will now purchase soybeans in large quantities and reduce its control over ‘rare earth minerals’ (which are used in making electronic goods).

Now eyes on the meeting between Trump and Jinping

Now the eyes of the whole world are fixed on the meeting between Donald Trump and Xi Jinping to be held on Thursday. This will be the first face-to-face meeting of the two leaders after returning to power, in which there is full hope of sealing a comprehensive agreement. US Trade Representative Jamieson Greer said, “One of the main objectives of our negotiations was to avoid sanctions on rare earth minerals, and I think we are making very good progress towards that goal.”

President Trump himself also gave positive signals, saying that he hopes to get “a good deal” with China and that he believes “we have a really good chance to make a very comprehensive deal.”

If this agreement is reached, it will completely end the ongoing tariff war between the two countries. This news has created an atmosphere of excitement in the markets around the world, but everyone is eagerly waiting for the final agreement to be signed.