21 December 2025
US-China Trade Breakthrough: Trump and Xi Reach Landmark Deal Cutting Tariffs and Easing Tensions in Busan Summit
China Tariff News and Tracker
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Welcome to China Tariff News and Tracker, where we break down the latest twists in the US-China trade saga. In a stunning turnaround this week, President Donald Trump and Chinese President Xi Jinping struck a deal in Busan, South Korea, slashing US tariffs on fentanyl-related Chinese goods from 20% to 10%, dropping the overall tariff rate on Chinese imports to about 47% from 57%, according to the White House and Reuters reporting.
This pact averts Trump's earlier threat of 100% tariffs on all Chinese goods, which he floated in November amid fury over Beijing's rare earth export controls. China agreed to a one-year pause on those restrictions—key for cars, planes, weapons, and tech—plus issuing licenses for rare earths, gallium, germanium, antimony, and graphite to US users, effectively lifting controls imposed since 2022.
Beijing also suspended retaliatory tariffs on US chicken, wheat, corn, soybeans, pork, beef, and more since March, alongside dropping non-tariff barriers like unreliable entity lists. In exchange, the US paused its expanded export blacklist on Chinese firms and new port fees on Chinese ships, which had spiked shipping costs. China committed to buying at least 12 million metric tons of US soybeans by year-end, ramping to 25 million annually for three years, resuming sorghum and log purchases too—vital relief for American farmers hit hard this autumn.
On fentanyl, China pledged major steps to curb precursor chemical flows, with joint working groups setting measurable goals, as noted by Treasury Secretary Scott Bessent on Fox Business. Other wins: China resuming trade from chipmaker Nexperia's facilities, extending US tariff exclusions to 2026, and ending probes into American semiconductor firms.
This de-escalation follows market chaos from Trump's threats, with the S&P 500 plunging 2.7% in one session, per Fortune and LAist, as rare earth tensions rattled tech and green energy stocks. Yet Trump's farm aid package of $12 billion, announced amid 2025 pressures per Bonner County Daily Bee, cushions US agriculture. Asia's US energy imports from China cratered 84% this year, says Kpler via The Daily Star, underscoring trade strains.
Listeners, as tariffs evolve, stay ahead with us. Thank you for tuning in—subscribe now for every update. This has been a Quiet Please production, for more check out quietplease.ai.
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Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
This content was created in partnership and with the help of Artificial Intelligence AI
This pact averts Trump's earlier threat of 100% tariffs on all Chinese goods, which he floated in November amid fury over Beijing's rare earth export controls. China agreed to a one-year pause on those restrictions—key for cars, planes, weapons, and tech—plus issuing licenses for rare earths, gallium, germanium, antimony, and graphite to US users, effectively lifting controls imposed since 2022.
Beijing also suspended retaliatory tariffs on US chicken, wheat, corn, soybeans, pork, beef, and more since March, alongside dropping non-tariff barriers like unreliable entity lists. In exchange, the US paused its expanded export blacklist on Chinese firms and new port fees on Chinese ships, which had spiked shipping costs. China committed to buying at least 12 million metric tons of US soybeans by year-end, ramping to 25 million annually for three years, resuming sorghum and log purchases too—vital relief for American farmers hit hard this autumn.
On fentanyl, China pledged major steps to curb precursor chemical flows, with joint working groups setting measurable goals, as noted by Treasury Secretary Scott Bessent on Fox Business. Other wins: China resuming trade from chipmaker Nexperia's facilities, extending US tariff exclusions to 2026, and ending probes into American semiconductor firms.
This de-escalation follows market chaos from Trump's threats, with the S&P 500 plunging 2.7% in one session, per Fortune and LAist, as rare earth tensions rattled tech and green energy stocks. Yet Trump's farm aid package of $12 billion, announced amid 2025 pressures per Bonner County Daily Bee, cushions US agriculture. Asia's US energy imports from China cratered 84% this year, says Kpler via The Daily Star, underscoring trade strains.
Listeners, as tariffs evolve, stay ahead with us. Thank you for tuning in—subscribe now for every update. This has been a Quiet Please production, for more check out quietplease.ai.
For more check out https://www.quietperiodplease.com/
Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
This content was created in partnership and with the help of Artificial Intelligence AI