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Trump and Xi Offer Tariff Cuts at Washington Summit

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Story summary
  • U.S. President Donald Trump hosted Chinese President Xi Jinping at a Washington state summit.
  • China offered to cut tariffs on U.S. corn and dairy.
  • The United States lowered levies on Chinese toys and fireworks.
  • Trump called the pending $14 billion Taiwan arms package a ‘negotiating chip’ with Beijing.
  • Analysts said the summit produced pageantry but little substantive progress, calling the relationship a managed stalemate.