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7h ago

White House Formalizes One-Year U.S.–China Trade Truce With Tariff Cuts

The orders lock in a targeted rollback tied to Chinese steps on fentanyl, rare earths and farm purchases, leaving enforcement and technology limits to later negotiations.

Who's the bull in the china shop, and who's the bully?
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Travis Hutchison, a soybean farmer, unloads his cargo from his family's truck at a local grain dealer in Queen Anne, Maryland, on October 10, 2025.

Overview

  • Two executive orders issued Nov 4 halve the fentanyl-related tariff on Chinese goods to 10% and extend a reciprocal tariff pause at 10% for one year, effective Nov 10.
  • U.S. officials say China committed to stop shipments of designated fentanyl precursors and to tighten export controls globally, with a new bilateral working group to coordinate counternarcotics efforts.
  • Beijing agreed to issue export licences for rare earths and related minerals, while Washington will suspend for one year its latest expansion of Entity List export restrictions.
  • China will resume purchases of U.S. agricultural products, including soybeans, and U.S. officials say China has approved a framework to transfer TikTok’s U.S. operations to American ownership.
  • Average U.S. levies on Chinese goods still hover around the mid-40% range, and unresolved verification, carve-outs and legal questions could test the truce before planned 2026 leader visits.