Source: Axios
“President Trump following his meeting with Chinese leader Xi Jinping in South Korea that he had agreed to cut tariffs on [American buyers of goods from] China in exchange for commitments from Xi to buy U.S. soybeans, allow exports of rare earth minerals, and crack down on fentanyl. … Speaking to reporters on Air Force One en route back to D.C., Trump said tariffs on [American buyers of] Chinese exports would be lowered to 47% from 57%. … Trump announced multiple new agreements with key trade partners in Asia this week, ahead of the high-stakes meeting with Xi.” (10/30/25)