Business

Donald Trump Just Sold Rice…To China

WASHINGTON, D.C.-President Donald Trump has claimed many things during his life, but the one thing he pushes often is his ability to make a deal…and that’s what he just did.  Ahead of trade talks with China, President Trump negotiated a deal to lift tariffs on China’s dietary staple, rice.   Yes, the President just sold rice to China.  It’s the first time in history that China has agreed to accept U.S. imports of rice, according to Reuters.

The green light from Chinese customs, indicated in a statement posted on the customs authority’s website on Friday, comes in the run-up to talks between the countries in January after U.S. President Donald Trump and Chinese President Xi Jinping agreed to a moratorium on higher tariffs that would affect trade worth hundred of billions of dollars,” Reuters reported.

America can now start sending rice for sale to China.

Even though rice imports from America were not permitted in China, the country levied a 25% tax on rice coming from the U.S. last year.

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