Former US President Donald Trump talk say dem reach agreement wit China wey go relax some trade wahala wey dey ground. E mention say di US go get rare earth minerals from China, and tariffs on Chinese goods go reach 55%. But some people no too sure if di deal dey complete or wetin e mean exactly.
Wetin Trump talk?
Trump use ein social media platform, Truth Social, announce di agreement. E say di deal dey subject to final approval from him and President Xi Jinping. E even add say di relationship between di two countries dey “excellent!”
Wetin di agreement mean?
According to Trump, China go relax restrictions on shipments of rare earth minerals wey US manufacturers need. In return, di US go roll back some limits wey dem put on exports of US products like ethane and airplane parts. Dem bin also plan to restrict visas for Chinese students, but dis one go dey reviewed too.
Tariffs still dey ground?
Yes, tariffs between di two countries go still dey unchanged. Trump say US tariffs on China go total 55%. Dis one include 30% tariff wey he put on products from China recently, plus 25% tariff wey he impose during ein first term. But some tariffs on Chinese products dey lower, and some dey even higher pass dat.
Reactions to di announcement
Even though Trump describe di agreement as a “deal,” officials no announce progress on any other trade issues apart from rolling back di measures wey dem bin take against each other after Trump increase tariffs on Chinese products in early April. Some experts dey careful about celebrating di agreement until dem see more details and understand di full impact.
Wetin dis mean for Ghana?
Dis trade agreement between US and China fit affect Ghana indirectly. If di price of goods from China reduce because of di relaxed restrictions, e fit benefit Ghanaian consumers. But Ghana businesses wey dey compete wit Chinese products fit face challenge. E dey important for government and businesses to monitor di situation and adjust accordingly.