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U.S. and China Unveil Trade De‑Escalation Package After TrumpXi Meeting

The steps are provisional, requiring formal implementation.

Overview

  • Washington will cut the fentanyl‑related tariff on Chinese goods to 10%, lowering the effective U.S. tariff rate on China from about 57% to 47%.
  • Beijing will suspend for one year its recently announced export controls, including on rare‑earth materials critical to technology and defense supply chains.
  • Both sides will extend their tariff truce for a year while pausing reciprocal port fees and shelving U.S. Section 301 measures targeting China’s maritime and logistics sectors.
  • China will resume large purchases of U.S. agricultural commodities such as soybeans and sorghum, according to post‑meeting statements.
  • Core disputes such as Taiwan and access to the most advanced chips were left untouched, with further technical talks ahead and Trump saying he plans to visit China in April 2026.