Overview
- Washington cut the fentanyl-linked tariff to 10%, reducing the average U.S. duty on Chinese goods to roughly 47%.
- Beijing deferred expanded rare-earth export controls and signalled licensing flexibility for key critical minerals.
- China agreed to resume large-scale purchases of U.S. soybeans, offering near-term relief for American farm regions.
- The United States and China reopened military-to-military communications to improve de-confliction at sea and in the air.
- The package is limited to one year with annual renegotiation, and analysts say Southeast Asia gains only a temporary breathing space.