US-China Trade
US-China Trade Truce: Trump Halves Fentanyl Tariffs as Xi Signals Cooperation on Deal
Washington D.C., November 1, 2025 – In a significant, albeit potentially temporary, de-escalation of economic tensions, Presidents Donald Trump and Xi Jinping concluded high-stakes meetings in Busan, South Korea, on October 30, 2025, yielding a provisional trade truce and a notable shift in fentanyl policy. As of November 1, 2025,