Trump cuts China fentanyl tariff to 10% as Xi delays rare-earth controls

Trump Cuts China Fentanyl Tariff to 10%

U.S. President Donald Trump agreed to lower tariffs on Chinese goods, while Beijing will buy American soybeans and delay rare-earth export controls, after a meeting with Chinese President Xi Jinping.

At summit, Chinese president says 'reality demands' superpower friendship

Trump and Xi met at the APEC forum in Busan, South Korea, where they held a bilateral meeting at Gimhae International Airport.

Author's summary: Trump and Xi agree on trade terms.

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Nikkei Asia Nikkei Asia — 2025-10-30

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