US President Donald Trump announced Thursday that he would lower tariffs on fentanyl chemicals from China to 10% from 20%, effective immediately, in exchange for China's crackdown on the deadly opioid. The move follows a meeting with Chinese President Xi Jinping, which Trump described as "amazing" and rated an 8 out of 10.
The deal comes ahead of planned visits by both leaders - Trump is set to visit China in April, while Xi will make a trip to the US at some point afterwards. The talks took place against the backdrop of ongoing tensions between the two nations over trade and security issues.
Despite the optimism, no significant progress was made on other key areas of contention, including Taiwan and the popular Chinese-owned app TikTok, whose US operations are required to be sold under a law passed last year based on national security concerns.
Trump's approach to dealing with China has been shaped by his unconventional style, which has often involved going against conventional wisdom. In an interview in South Korea, he said that sometimes this approach can lead to success, adding that he had found success by "going the opposite way of almost everybody."
However, some analysts say that there is limited room for a sweeping agreement between the US and China. The two nations have been locked in a trade war for years, with tensions over issues such as market access, intellectual property protection, and security concerns.
The meeting was seen as an opportunity for both sides to engage in more constructive dialogue, with Chinese President Xi Jinping saying that "trade should remain the ballast and propeller of China-US relations, not a stumbling block or source of conflict." The US has been pushing for concrete steps on fentanyl, market access, and other issues.
Despite some optimism about the potential for less aggressive rhetoric in the aftermath of the meeting, analysts say that significant differences between the two nations mean that a comprehensive deal may be difficult to achieve.
The deal comes ahead of planned visits by both leaders - Trump is set to visit China in April, while Xi will make a trip to the US at some point afterwards. The talks took place against the backdrop of ongoing tensions between the two nations over trade and security issues.
Despite the optimism, no significant progress was made on other key areas of contention, including Taiwan and the popular Chinese-owned app TikTok, whose US operations are required to be sold under a law passed last year based on national security concerns.
Trump's approach to dealing with China has been shaped by his unconventional style, which has often involved going against conventional wisdom. In an interview in South Korea, he said that sometimes this approach can lead to success, adding that he had found success by "going the opposite way of almost everybody."
However, some analysts say that there is limited room for a sweeping agreement between the US and China. The two nations have been locked in a trade war for years, with tensions over issues such as market access, intellectual property protection, and security concerns.
The meeting was seen as an opportunity for both sides to engage in more constructive dialogue, with Chinese President Xi Jinping saying that "trade should remain the ballast and propeller of China-US relations, not a stumbling block or source of conflict." The US has been pushing for concrete steps on fentanyl, market access, and other issues.
Despite some optimism about the potential for less aggressive rhetoric in the aftermath of the meeting, analysts say that significant differences between the two nations mean that a comprehensive deal may be difficult to achieve.