China reduces retaliatory tariffs on U.S. pork

China Reduces Retaliatory Tariffs on U.S. Pork

President Trump and Chinese President Xi Jinping have reached a new trade and economic agreement aimed at stabilizing bilateral relations. The accord includes several landmark commitments from China designed to enhance trade balance and cooperation.

Key Terms of the Agreement

China will halt the flow of precursors used in producing fentanyl entering the United States.
The country will remove existing and planned export controls on rare earth elements and other critical minerals.
Beijing will end retaliatory measures against U.S. semiconductor manufacturers and other major American companies.
The Chinese market will reopen to U.S. soybeans and a wider range of agricultural goods.

Suspension of Retaliatory Tariffs

China will suspend all retaliatory tariffs imposed since March 4, 2025. This action covers numerous American agricultural exports, including chicken, wheat, corn, cotton, sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy goods. Earlier in the year, China had placed a 57% retaliatory tariff on U.S. pork but will now reduce tariffs by 10%.

According to the National Pork Producers Council, U.S. pork exports to China in the first seven months of the year declined by 13%, largely due to these retaliatory tariffs.

Future Agricultural Purchases

Under the deal, China will buy at least 12 million metric tons of U.S. soybeans during the last two months of 2025. Additionally, China has committed to purchasing no less than 25 million metric tons of U.S. soybeans in 2026, 2027, and 2028.

Author’s Summary

This agreement marks a pivotal easing in U.S.–China trade tensions, signaling renewed cooperation through tariff reductions and expanded agricultural purchases.

3tres3 — 2025-11-05