Trump slashes fentanyl tariffs, freezes some China duties

Trump slashes fentanyl tariffs, freezes some China duties under new trade deal with Xi Jinping – Key details

In a significant move to stabilise trade relations with Beijing, US President Donald Trump announced that his administration will slash fentanyl-related tariffs on imports from China and maintain the freeze on some reciprocal levies on Chinese goods. The actions, made in a pair of executive orders issued on Tuesday, formalise the key elements of the…

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Trump Hails ‘Amazing’ Meeting With Xi—Outlines Trade Truce Details

Trump Hails ‘Amazing’ Meeting With Xi—Outlines Trade Truce Details

Topline President Donald Trump said his face-to-face meeting with Chinese counterpart Xi Jinping was “amazing” and both countries had agreed to certain concessions to ease trade tensions, including a reduction of the fentanyl-related tariffs on China and a pause on Beijing export controls on critical rare earth minerals. US President Donald Trump and China’s President…

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U.S. Treasury Secretary Scott Bessent looks on as he speaks to the media, following the trade talks between the U.S. and China, in Kuala Lumpur, Malaysia October 26, 2025. REUTERS/Hasnoor Hussain

US Treasury Secretary Scott Bessent says US and China ‘reached a final TikTok deal’ for Trump-Xi to seal

US Treasury Secretary Scott Bessent confirmed the finalization of an agreement on TikTok, following months of negotiations over Chinese control of the app’s algorithm. “We reached a final deal… and I believe that as of today, all the details are ironed out,” speaking to CBS from Kuala Lumpur, Bessent said, noting that the leaders would…

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