The Times Of Israel

Asia Today | Trump To Meet Moon This Month , US Pork And Soybean Further Exempted From Chinese Tariff

US President Donald J. Trump To Meet South Korean President Moon Jae-in This Month in New York

US President Donald J. Trump will meet South Korean President Moon Jae-in on the sidelines of the 74th United Nations General Assembly session that is to be held in New York between September 22 and 26 this month. US Donald J. Trump and South Korean President Moon Jae-in have met in Seoul in South Korea on June 30 this year. Numerous topics including the escalating trade war between the two US allies, North Korea as well as trade with US are expected to be discussed during the meet. The South Korea-Japan spat is said to have caused inconvenience to the US as Japan and South Korea are said to be the biggest US allies in the region. US President Donald J. Trump is also reported to have said that he intends to meet the North Korean leader Kim Jong Un later this year.

China Exempted US Pork And Soybean From Import Tariffs

According to new reports, it is said that China have now excluded US pork and soybeans from further additional tariffs. China had announced that it had excluded 16 US products including medicines from imports tariff for a period of a year starting from 17th of this month. Meanwhile, US have postponed the tariff hike from 25 percent to 30 percent on Chinese imports of 250 billion USD from October 1 to October 15 as a ‘goodwill gesture’ as October 1 marks the 70th anniversary of the founding of People’s Republic Of China. The trade war between US and mainly with China have caused immense damage to both the economies and should be ended, Chinese state media Global Times is reported to have said. The US have already hiked tariff from 10 percent to 15 percent on the Chinese imports of 300 billion USD of goods and products from September 1 this year.