Trump and Xi agree to reduce tariffs, stop new trade restrictions on rare earths

Trump announced a new economic and trade agreement with China after meeting Chinese President Xi Jinping in the Republic of ￰0￱ White House released the full ￰1￱ deal is meant to de-escalate the trade fight between both ￰2￱ includes lowered U. S. tariffs, large Chinese purchases of American farm goods, and China reversing several export control and retaliation ￰3￱ said the move will “reset the terms of trade” and shift how both countries manage critical supply chains and controlled ￰4￱ deal also pauses China’s planned restrictions on rare earth minerals and ￰5￱ materials are required for chipmaking, EV motors, renewable power equipment, and weapons ￰6￱ will issue general licenses to allow exports of rare earths, gallium, germanium, antimony, and graphite to ￰7￱ and ￰8￱ White House said this reverses Chinese controls announced in April 2025 and October ￰9￱ described the outcome as “a necessary step to stop market pressure tactics.” China suspends export controls and trade retaliation China will halt the global rollout of the new export controls it announced on October 9, ￰10￱ will also stop retaliation taken since March 4, ￰11￱ retaliation included tariffs on U.

S. soybeans, wheat, corn, cotton, sorghum, pork, beef, chicken, dairy, fruits, vegetables, and aquatic ￰12￱ will also lift non‑tariff moves such as placing American firms on “unreliable entity” ￰13￱ said the lists blocked companies from government procurement and domestic ￰14￱ will buy at least 12 million metric tons (MMT) of ￰15￱ in the last two months of 2025, and at least 25 MMT each year in 2026, 2027, and ￰16￱ will also resume purchases of ￰17￱ and hardwood ￰18￱ White House said the volume commitments are tied to supply chain stabilization and market ￰19￱ will end investigations into ￰20￱ in the semiconductor supply ￰21￱ include antitrust, anti‑monopoly, and anti‑dumping ￰22￱ will also take actions to ensure trade resumes from Nexperia facilities in ￰23￱ facilities produce legacy chips used in industrial, automotive, and defense ￰24￱ had been limited due to trade ￰25￱ will take “significant measures” to stop the movement of fentanyl precursors into the United ￰26￱ will block certain chemicals entirely from being sent to North America and will strictly control the export of others to all ￰27￱ White House said this was required because fentanyl precursor supply chains rely heavily on Chinese chemical ￰28￱ States lowers tariffs and delays enforcement actions The United States will reduce tariffs placed to curb fentanyl-linked imports by removing 10 percentage points from the cumulative ￰29￱ change begins November 10, ￰30￱ ￰31￱ keep the current 10% reciprocal tariff in place during a suspension period lasting until November 10, ￰32￱ ￰33￱ also extend the expiration of certain Section 301 tariff exclusions from November 29, 2025 to November 10, ￰34￱ ￰35￱ delay the implementation of the Expansion of End‑User Controls rule for one year starting November 10, ￰36￱ ￰37￱ also suspend for one year actions tied to the Section 301 investigation into China’s maritime, logistics, and shipbuilding ￰38￱ paused, negotiations will ￰39￱ ￰40￱ also keep coordination active with South Korea and Japan to support ￰41￱ and technology supply ￰42￱ agreement comes at the end of Trump’s Asia ￰43￱ Malaysia, Trump signed reciprocal trade agreements with Malaysia and Cambodia, and announced negotiation frameworks with Thailand and ￰44￱ also signed critical minerals deals with Thailand and ￰45￱ Japan, Trump announced new projects linked to Japan’s $550 billion investment commitment in the ￰46￱ expanded energy and counter‑narcotics ￰47￱ the Republic of Korea, he secured funding and industrial cooperation measures tied to maritime infrastructure, energy supply, and technology manufacturing.

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