Seoul: President Donald J. Trump has successfully negotiated a significant trade and economic agreement with President Xi Jinping of China, marking a substantial development in international relations. This agreement, concluded in the Republic of Korea, is aimed at bolstering U.S. economic strength and national security while prioritizing the needs of American workers, farmers, and families.

According to The White House, the deal includes China’s commitment to halt the flow of precursors used to manufacture fentanyl into the United States. Additionally, China has agreed to suspend the global implementation of recent expansive export controls on rare earths and related measures announced in October 2025. This move involves issuing general licenses for the export of key materials such as rare earths, gallium, germanium, antimony, and graphite, which effectively removes controls imposed in previous years.

Furthermore, China will cease the shipment of specific designated chemicals to North America and tighten control over the export of certain chemicals worldwide. Retaliatory tariffs announced by China since March 2025, affecting a wide range of U.S. agricultural products, will be suspended. China has also pledged to remove non-tariff countermeasures and purchase substantial quantities of U.S. soybeans and other agricultural goods in the coming years.

The United States, in return, will lower tariffs on Chinese imports related to curbing fentanyl flows and maintain a suspension of increased reciprocal tariffs on Chinese imports until 2026. Other measures include extending the expiration of certain tariff exclusions and suspending specific rules and responsive actions for a year starting November 2025.

This agreement is part of President Trump’s broader agenda during his trip to Asia, which includes signing reciprocal trade agreements with Malaysia and Cambodia, and establishing trade negotiation frameworks with Thailand and Vietnam. Additionally, the U.S. has entered into minerals cooperation agreements with Thailand and Malaysia and announced significant projects with Japan to enhance industrial base investments and energy purchases.

In the Republic of Korea, Trump secured investments to support American jobs, energy dominance, and leadership in technology, further strengthening the U.S.-Korea maritime partnership.