A Big Step in U. S. -China Talks: Fentanyl Tariffs and More

During a recent meeting in South Korea, U.S. President Donald Trump and Chinese President Xi Jinping made several significant decisions.

Fentanyl and Tariffs

• The U.S. will reduce tariffs on Chinese goods related to fentanyl from 20% to 10%.
• Trump believes China is serious about stopping the flow of this dangerous drug.

Trade and Agriculture

• The meeting was described as "amazing" by Trump.
• China will start purchasing U.S. farm products, including soybeans, immediately.
• A one-year deal on rare earths (critical for technology) was agreed upon, with the possibility of extension.

Chemical Control Agreement

• China requested the lower tariff on fentanyl-related goods.
• Trump agreed, pending China's commitment to stopping the flow of chemicals used to make fentanyl, which contribute to U.S. overdose deaths.

Post-Meeting Updates

• Trump shared these updates with reporters on his way back from South Korea.
• The meeting was part of his trip to Asia.
• Both countries appear to be collaborating on key issues.