The world took a sigh of relief after US President Donald Trump announced to slash the tariffs on China to 47%. Washington blinked first and announced to reduce the fentanyl-related tariffs from 20% to 10%, bringing the overall cumulative tariffs to 47%. China reciprocated by announcing to buy the US soybeans, besides allowing the exports of the rare earth minerals. Trump told journalists, "I expect to be lowering that because I believe that they’re going to help us with the fentanyl situation." He added, "The relationship with China is very good." After holding talks with Chinese counterpart Xi Jinping, the US president said that his meeting had been a 'great success' and he will visit Beijing in April 2026.

Donald Trump slashes fentanyl-related tariffs

It was Donald Trump who launched

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