Sun Jul 20 17:53:08 UTC 2025: Okay, here’s a summarized news article based on the provided text, written from a neutral perspective and focusing on the key developments:
**Headline: Trump Sets Tariff Agreement Deadline, Potential Meeting with Xi Looms**
**New Delhi, July 20, 2025** – U.S. President Donald Trump has set a deadline of August 12 for the United States and China to reach a “durable tariffs agreement” amidst ongoing trade tensions. The two economic powerhouses have been locked in a tit-for-tat tariff war that has disrupted global trade and supply chains.
Trump has advocated for a universal base tariff rate of 10% on all imported goods, with higher rates for countries deemed “problematic,” including China, which currently faces a 55% tariff rate on its exports to the U.S. Trump asserts that these tariffs will boost domestic manufacturing in the United States. Critics, however, argue that they will ultimately lead to increased costs for American consumers.
In related news, reports suggest that President Trump may be planning a trip to China prior to the Asia-Pacific Economic Cooperation (APEC) summit scheduled between October 30 and November 1. Alternatively, Trump and Chinese leader Xi Jinping could meet on the sidelines of the APEC event in South Korea, according to the South China Morning Post.
A Trump spokesperson has not responded to requests for confirmation regarding the potential meeting with Xi. The world is watching closely as these developments unfold, with implications for global trade and economic stability.
First Piper 