The Brief

President Donald Trump plans to cut tariffs on China.

Trump made the announcement after meeting with Chinese leader Xi Jinping on Thursday.

President Donald Trump met with Chinese leader Xi Jinping on Thursday and told reporters that he would cut tariffs on China.

Trump talks tariffs

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According to the Associated Press, President Donald Trump told reporters that the U.S. would lower tariffs implemented earlier this year as punishment on China for its selling of chemicals used to make fentanyl from 20% to 10%. This brings the total combined tariff rate on China down from 57% to 47%.

President Donald Trump greets Chinese President Xi Jinping ahead of a bilateral meeting at Gimhae Air Base on October 30, 2025 in Busan, South Korea. (Photo by Andrew Harnik/Getty Imag

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