States United States they will not implement the anti-dumping duties on Chinese imports until at least 10 November 2026. This is due to the White House's summary of the results of the US President's gathering Donald Trump with the president of China Xi Jinping South Korea.
The current 10% retaliatory work will stay in force, stated the American side. This revealed additional details of fresh agreements between the US and China. Xi and Trump met on Thursday in South Korea to discuss a trade dispute between the 2 world's largest economies.
Right after the gathering Trump announced that the United States reduce the existing 20% work on Chinese goods, introduced as a force tool in the fight against the fentanyl crisis, to 10 percent - with effect from November 10. Trump repeatedly accused China of co-responsibility for the fentanyl crisis in the US. Fentanyl is simply a highly addictive synthetic opioid.
Trump threatened to introduce additional duties of 100 percent
Dispute trade between China and the USA It affected another areas: late Trump threatened to impose additional duties of 100 percent on Chinese imports from 1 November if China did not step down on uncommon earth elements.
According to Trump, speaking just after the meeting, the obstacles resulting from Chinese control of the export of uncommon earth elements were removed. The Agreement shall apply for 1 year and may be extended for another year after the negotiations.
In a tv interview aired on Sunday by CBS News, Trump said, according to the transcription, that erstwhile China stopped the supply of uncommon earth elements to the US and the remainder of the world, he responded to this by imposing an additional 100% duty. He claimed that erstwhile he declared the threat, China "immediately entered into negotiations".
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