United States: White House Fact Sheet on
Economic & Trade Deal with China (2025)

Summary: A November 1, 2025 White House fact sheet announces that President Donald J. Trump reached an economic and trade deal with President Xi Jinping in the Republic of Korea. The agreement includes actions on fentanyl precursors, rare earths and critical minerals, retaliatory measures against U.S. firms, and U.S. agricultural market access.

China’s commitments (selected)

• Rare earths & critical minerals: Suspend the global rollout of the Oct 9, 2025 export controls; issue general licenses for rare earths, gallium, germanium, antimony, graphite, effectively removing controls from Apr 2025 and Oct 2022.
• Fentanyl precursors: Stop shipments of designated chemicals to North America; tighten export controls globally.
• Retaliation rollback: Suspend post–Mar 4, 2025 tariffs and non-tariff countermeasures; remove U.S. companies from end user/unreliable entity lists.
• Agriculture: Buy ≥12 MMT soybeans in the last two months of 2025 and ≥25 MMT/year in 2026–2028; resume sorghum and hardwood logs.
• Semiconductors & shipping: Ensure resumption of trade from Nexperia facilities; remove measures tied to the U.S. Section 301 maritime/logistics/shipbuilding probe.
• Tariff exclusions: Extend exclusions for U.S. imports to Dec 31, 2026.
• Investigations: Terminate antitrust/anti-dumping actions targeting U.S. semiconductor supply chain firms.

U.S. measures

• Tariffs: Cut 10 percentage points from fentanyl-related tariffs starting Nov 10, 2025; keep enhanced reciprocal tariffs suspended until Nov 10, 2026 (with the current 10% rate maintained).
• Section 301 exclusions: Extend select exclusions to Nov 10, 2026.
• Export controls: One-year suspension of the interim rule expanding end-user controls to affiliates of listed entities.
• 301 maritime/logistics/shipbuilding actions: One-year suspension while negotiating with China; cooperation with ROK and Japan continues.

Additional highlights from the Asia trip

• Malaysia/Cambodia: Reciprocal trade agreements; frameworks with Thailand and Vietnam; critical minerals cooperation with Thailand and Malaysia.
• Japan: Landmark critical minerals pact; historic U.S. energy purchases; deeper cooperation against drug trafficking.
• Republic of Korea: Multi-billion commitments on jobs, energy, technology, and maritime partnership.

https://www.whitehouse.gov/fact-sheets/2025/11/fact-sheet-president-donald-j-trump-strikes-deal-on-…