US and China reach negotiation agreements on tariffs and export controls

On October 30, 2025, the United States and China announced several agreements following negotiations aimed at addressing trade tensions between the two nations.

The U.S. has canceled a 10% tariff on fentanyl, while China will adjust its countermeasures, which are likely to involve tariffs on U.S. agricultural products. Additionally, the U.S. has suspended the Bureau of Industry and Security"s (BIS) 50% rule for one year, and in response, China has suspended its Rare Earth Export Control for the same duration.

Furthermore, the U.S. has suspended its Section 301 investigation concerning maritime logistics, specifically related to port fees, for one year. In turn, China has also suspended its countermeasures regarding port fees for the same period.

These developments come amid ongoing discussions about trade and export controls between the two countries, with China"s rare earth exports to the U.S. having dropped 26% to 5,552 metric tonnes in recent months, highlighting the complexities of the trade relationship.

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