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President Trump announced an economic and trade agreement between the USA and China:
- China suspends all retaliatory tariffs and non-tariff measures imposed since March 4
- China issues new general licenses for the export of rare earths and suspends new export controls.
- China pledges to stop the flow of fentanyl to the US
- China will buy at least 12 million tons of US soybeans
- The USA reduces tariffs on Chinese goods by 10 percentage points
The biggest de-escalation in relations between the US and China since the start of the trade war.
China 🇨🇳 will suspend all retaliatory tariffs and non-tariff measures in place since March 4, lift export controls on rare earths, issue global licenses for rare earths and critical minerals such as gallium and graphite, and commit to buying 12 million tons of US soybeans this year and 25 million tons annually through 2028. China will also take "significant measures" to stop fentanyl shipments to the US.
In return, the U.S. 🇺🇸 will reduce tariffs on Chinese imports imposed to curb fentanyl trade by 10 percentage points of the cumulative tariff rate, effective November 10, 2025, extend Section 301 tariff exemptions through November 2026, and suspend new export control measures for one year.
