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    Home»Trending News»What did Trump, Xi agree to on tariffs, export controls and fentanyl?
    Trending News

    What did Trump, Xi agree to on tariffs, export controls and fentanyl?

    The Daily FuseBy The Daily FuseNovember 2, 2025No Comments2 Mins Read
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    What did Trump, Xi agree to on tariffs, export controls and fentanyl?
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    The White Home mentioned China can even difficulty normal licences for exports of uncommon earths, gallium, germanium, antimony and graphite for the advantage of US finish customers and their suppliers.

    The White Home mentioned that amounted to “the de facto removing of controls China imposed in April 2025 and October 2022”.

    China additionally agreed to droop all retaliatory tariffs it has introduced since Mar 4, together with duties on US rooster, wheat, corn, cotton, sorghum, soybeans, pork, beef, aquatic merchandise, fruits, greens, and dairy merchandise, the White Home mentioned.

    It mentioned Beijing would additionally droop or take away all retaliatory non-tariff countermeasures taken towards the US since Mar 4, reminiscent of itemizing sure American firms on the Chinese language authorities’s end-user and unreliable entity lists.

    TRUMP ADMINISTRATION’S EXPORT CONTROLS PAUSED

    The US agreed to a one-year pause on an expanded Commerce Division blacklist of firms prohibited from shopping for US know-how items, together with semiconductor manufacturing gear, a transfer aimed toward averting the usage of subsidiaries and different companies to skirt export controls.

    The expanded blacklist would have mechanically included companies greater than 50 per cent owned by firms already on the listing and would have had the most important influence on Chinese language firms, banning US exports to 1000’s extra Chinese language companies.

    CHINA COMMITS TO SOYBEAN PURCHASES

    China agreed to purchase no less than 12 million metric tons of US soybeans within the final two months of 2025, in addition to no less than 25 million metric tons of US soybeans in every of the next three years, the White Home mentioned.

    China additionally agreed to renew purchases of US sorghum and hardwood logs, the White Home mentioned.



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