The team unpacks October’s Trump–Xi meeting and the short-term “truce” it produced: a ~10 percentage-point cut on broad China tariffs tied to fentanyl controls, a one-year pause on rare-earth/magnet export controls, resumed Chinese purchasing of US soy/other ag, and continued Section 301 exclusions for key medical, electronics, HVAC, and solar items. We explain what actually shifted, what didn’t, and the practical moves US importers should make now. We close with signals from Chinese media and what to watch next from Beijing.   Episode Sections: 00:32 – Setting the scene: Trump–Xi met in South Korea (Oct 30). Expectations vs reality. 01:16 – Renaud’s first take: anticipation vs limited outcomes 04:47 – Rare earths & magnets: one-year pause on export controls and why it matters 07:22 – Tariffs: tone softens; specific cuts hit “fentanyl punishment” lines (20%→10%) 09:43 – What that means to landed cost (example: 54%→44%) 11:06 – Planning stability: from 90-day chaos to ~12 months of predictability 11:47 – Fentanyl precursors: enforcement complexity & policy trade-offs 14:00 – Section 301 exclusions extended (medical, electronics, HVAC, solar examples) 16:59 – What importers should do: horizons, HS discipline, alternatives, and risk 19:20 – Substantial transformation & multi-country routing: when it makes sense 22:00 – DDP renegotiations & compliance exposure 22:59 – Buffer stock & design tweaks to reduce magnet dependence 26:33 – Long-term trajectory: conflict risk and diversification logic 28:03 – China reactions round-up & closing thoughts 30:42 – Outro   Related content... Reuters U.S.–China headlines & rare‑earth pause     Politico: ‘Amazing meeting’: Trump touts progress on multiple fronts with China after meeting Xi   Guardian: First Thing: Trump says rare earths deal and tariff cut agreed with China   Xinhua (English): China unveils outcomes of China-U.S. economic, trade talks in Kuala Lumpur       MOFCOM (English) — 2025 announcement page (export declaration/controls reference; for primary-source language & numbering)   USTR Section 301: https://ustr.gov/issue-areas/enforcement/section-301-investigations   CBP Trade: https://www.cbp.gov/trade Get in touch with us Connect with us on LinkedIn Contact us via Sofeast's contact page Subscribe to our YouTube channel Prefer Facebook? Check us out on FB