Overview
- President Trump lowered the headline tariff rate on Chinese goods from 57% to 47%, including a fentanyl‑related levy cut from 20% to 10% effective immediately.
- Beijing agreed to delay newly tightened controls on rare‑earth and critical‑minerals exports for roughly one year to keep supplies flowing.
- China committed to resume large U.S. soybean purchases, with 12 million metric tons slated immediately and about 25 million tons annually over the next three years, according to U.S. officials.
- Both sides pledged cooperation on fentanyl enforcement, while sensitive issues such as Taiwan, Chinese purchases of Russian oil, and Nvidia’s Blackwell chips were not discussed.
- Trump and Xi exchanged invitations for further visits, with Trump saying he will travel to China in April as teams move to finalize details and secure domestic approvals.