China Reduces Retaliatory Tariffs on U.S. Pork
President Trump reached a significant trade and economic agreement with President Xi Jinping of China, marking a historic step in bilateral relations.
Key Commitments in the Agreement
- China will stop the flow of fentanyl precursors into the United States.
- China will eliminate existing and planned export controls on rare earth elements and critical minerals.
- Chinese retaliation against U.S. semiconductor manufacturers and major companies will end.
- China will open its market to U.S. soybeans and other agricultural exports.
Tariff Reductions on U.S. Agricultural Products
China has agreed to suspend all retaliatory tariffs announced since March 4, 2025. This suspension covers a broad range of U.S. agricultural goods, including:
- Chicken
- Wheat
- Corn
- Cotton
- Sorghum
- Soybeans
- Pork
- Beef
- Aquatic products
- Fruits
- Vegetables
- Dairy products
In March, China had imposed a 57% retaliatory tariff on U.S. pork, which is now set to decrease by 10%.
According to the National Pork Producers Council, "U.S. pork exports to China in the first seven months of the year were down 13%, largely due to these retaliatory tariffs."
Commitments on U.S. Soybean Purchases
China will buy at least 12 million metric tons of U.S. soybeans during the final two months of 2025, and a minimum of 25 million metric tons annually in 2026, 2027, and 2028.
Summary: The agreement between the U.S. and China reduces tariffs on key agricultural exports and includes commitments that aim to improve trade, signaling a new phase in economic relations.