Trump Formalizes Fentanyl, Reciprocal Tariff Cuts in Xi Deal
Donald Trump and Xi Jinping ahead of a bilateral meeting in South Korea on Oct. 30.
Photographer: Andrew Harnik/Getty Images
US President Donald Trump announced a cut to fentanyl-related tariffs on imports from China and the continued freeze of some of his reciprocal levies on Chinese goods, formalizing key elements of the sweeping trade deal struck with Chinese leader Xi Jinping.
The moves, made in a pair of executive orders issued Tuesday, go into effect on Nov. 10. The fentanyl tariff rate will be halved from 20% to 10%, while Trump has also extended for a year a truce that saw him reduce his reciprocal tariff rate from 34% to 10%.