Eiii Ghana, you dey hear? United States and China don agree say dem go chop make small for the trade war wey dey go on between dem. President Trump talk say dem don reach agreement to roll back some of the things wey dem do wey dey affect each other ein economy, like the restrictions wey dem wan put on Chinese students wey dey come U.S. universities.
After two days of serious talk for London, dem come agree to go back to the agreement wey dem bin reach for May, after plenty wahala between dem. Trump write for Truth Social say, “OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME. RELATIONSHIP IS EXCELLENT!”
Dem no release all the details quick quick, but basically, China go relax ein restrictions on top shipments of important rare earth minerals and magnets wey U.S. manufacturers dey need. For return, U.S. officials go roll back limits wey dem put on top exports of U.S. products and technology, including ethane and airplane parts, plus the visa restrictions wey dem bin propose. Dem bin do all these things to put pressure on China.
The tariffs wey dey between the countries, dem go remain like that. Trump talk say U.S. tariffs on top China go be “a total of 55 percent,” wey be the 30 percent tariff wey he put on products from China for the past few months plus the 25 percent tariff wey he put on some Chinese products during ein first term. But truth be say, some tariffs on top Chinese products dey lower, and plenty dey higher pass that.
Even though Trump dey describe the agreement as “deal,” officials no talk about any other progress on top other trade issues, apart from rolling back the tit-for-tat measures wey dem take against each other after Trump increase tariffs on top Chinese products for early April. So, e be like dem dey try cool temper small for the global market inside.
Wey Be The Meaning For Ghana?
If US and China chop make, e go fit affect Ghana ein economy too. Trade wars dey make prices change and dey affect how goods dey move around the world. So, make we keep our eyes open and see how this new agreement go play out!