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Trump cuts fentanyl tariffs on China to 10%, says U.S. has reached rare earths deal with Beijing

The deal includes a tariff reduction from 57% to 47% and a one-year rare earth export agreement, with China also resuming large purchases of American soybeans.

  • The President announced a reduction in fentanyl tariffs from 20% to 10% during a briefing aboard Air Force One.
  • The U.S. and China have reached an agreement on rare earths and critical minerals, according to Trump.
  • China has committed to enhancing measures against fentanyl trafficking and resuming imports of U.S. agricultural goods, as stated by Trump.
  • Xi emphasized cooperation by saying that China and the U.S. should be partners and friends, highlighting mutual benefit.
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Sydney Morning HeraldSydney Morning Herald
+2 Reposted by 2 other sources
Lean Left

Trump lowers tariffs after China meeting

US President Donald Trump has described his talks with Chinese counterpart Xi Jinping as a roaring success.

·Sydney, Australia
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Globo broke the news in Brazil on Wednesday, October 29, 2025.
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