North India Statesman
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News India Live, Digital Desk: Trade Policy: A big news is coming out from America’s politics, which has raised everyone’s expectations again. Former President Donald Trump has announced that he can meet Chinese President Xi Jinping in the next four weeks. At the same time, he has also assured American farmers that he will fully support them during the ongoing business dispute with China. The announcement was made during an election campaign in Trump’s Iowa, when he said that he would soon take over the presidency and hold an important conversation with Xi Jinping personally.
In his speech, Trump stressed that the tariff imposed on China, which he had called “openly looting” in his previous government, has given the US a profit of several billion dollars. He claimed that these tariffs have been beneficial for the treasury of the country and American farmers will not be allowed to suffer any kind of damage. In fact, during his first innings, Trump imposed heavy tariffs on imports coming from China, in response to which China also imposed tariffs on American agricultural products. Due to this, American farmers had to face a lot of difficulties, especially the export of soybean and other crops.
It is not yet clear what kind of possible meeting with Trump’s Xi Jinping, but this news has definitely created a stir in markets and diplomats around the world. Analysts believe that this meeting can prove to be important in determining the direction of America-China relations, especially at a time when tension between the two countries has increased due to trade, technology and geopolitics.
This assurance of Trump can be a major relief for American farmers, who have suffered the brunt of disruption in the trade war and supply chain for the last several years. Now it remains to be seen whether this high-profile meeting is or not and if it happens, what results will be the result, because it will have a profound impact not only on America and China but also the entire global economy.
