New Yorkers said on Friday that the landmark Beijing summit between Chinese President Xi Jinping and U.S. President Donald Trump will lead to more exchanges and cooperation between the world's two largest economies, particularly a reduction in tariffs.
Trump concluded a three-day state visit to China on Friday, the first such U.S. presidential visit in nine years.
In this historic meeting that was closely watched by the world, Xi and Trump agreed on Thursday to build a "constructive bilateral relationship of strategic stability."
Another key outcome of the meeting is an agreement to expand two-way trade under a reciprocal tariff reduction framework and to establish a trade council and an investment council, China's top diplomat Wang Yi on Friday.
"There might be some kind of cooperation from a financial and trade perspective," one New York resident told a China Global Television Network (CGTN) reporter.
"I mean, I think the two largest economies in the world, there should be some cooperation, and I think in doing so they generate a lot of good for a lot of humanity," said another.
One New Yorker expressed the hope that the leaders' communication will lower the "ridiculous" tariffs implemented by the Trump administration.
"Hopefully it brings down some prices just because I think the tariffs that have been implemented are kind of ridiculous and hopefully they can reach a deal where the tariffs aren't as high because honestly, those are just, they're costing people millions of dollars that isn't necessary," she said.
"Hopefully tariffs will improve just because I think that tariffs are really impacting the economy. They're costing taxpayers millions of unnecessary dollars, and I think that it could save a lot of money to just get rid of them or at least lessen them to an extent," she added.
Another New Yorker emphasized the importance of communication.
"Well, I guess it's better that they're communicating with each other. I mean, these are the two biggest countries in the world. So I guess the good news is at least the two countries are talking to each other, which seems to be a lot better than anything else that's going on in the rest of the world," he said.
Tariffs on top of Americans' mind about Xi-Trump summit
