President Donald Trump said he is reducing some tariffs on Chinese imports following a meeting with Chinese President Xi Jinping after securing a commitment from the Chinese leader to take steps to stop the flow of fentanyl. Speaking to reporters aboard Air Force One following the meeting with Xi, which lasted about 1 hour and 45 minutes, Trump said the 20% tariffs on China related to fentanyl were being reduced to 10% bringing the total amount of duties imposed on Chinese imports from 57% to 47%. Trump also said the U.S. had reached a 1-year agreement with China that it would not impose dramatic restrictions on rare earth minerals -- materials key for producing computer chips that are needed for everything including smartphones, AI systems and defense technology. That takes the threat of
Trump cuts fentanyl-related tariffs on China, says agreement on rare earths controls
ABC News2 hrs ago
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