Tariffs/TradeIMPORTANT
USTR Greer says had a lot of successes in rebalancing trade with China and we expect to see an agreement for double-digit billions of dollars of agricultural sales to China coming out of the summit
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Says: China is fulfilling its promises on soybean purchases. China knows that there is going to be a certain level of US tariffs on Chinese goods. Cannot commit to a given rate of tariff on Chinese goods. Will release findings of trade investigations in weeks. Purchases of NVIDIA H200 chips will be a sovereign decision by China. Chip export controls were not a major topic in the meeting. Trump-Xi meeting was quite candid.
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