Fact Sheet — President Trump Strikes Deal on Economic and Trade Relations with China

• Date/Source: November 1, 2025 — Fact Sheets
• Theme: U.S.–China agreement announced in ROK to rebalance trade, address fentanyl flows, and ease tensions in critical minerals and semiconductors.

Key Chinese commitments

• Critical minerals/export controls:
• Fentanyl:
• Trade retaliation:
• Agriculture:
• Semiconductors and shipping:
• Tariff exclusions:

Key U.S. actions

• Tariffs and exclusions:
• Regulatory pauses:

Context and significance

• Caps a broader Asia trip with trade wins in Malaysia, Japan, and ROK.
• Targets de-escalation on critical minerals, boosts U.S. agriculture exports, and seeks to curb fentanyl precursor flows while preserving leverage via timelines and conditional suspensions.