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Trump Plans Meeting With China’s Xi in South Korea Amid Tariff Warning

The U.S. president says China could face a 155% tariff if no deal is reached by November 1, with talks set in South Korea in the coming weeks.

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Terms & Concepts
  • Tariff: A government-imposed tax on imported goods, often used to protect domestic industries or as leverage in trade negotiations.
  • Trade Deal: An agreement between two or more nations outlining the terms of trade, tariffs, and market access.