Trump Suggests US May Lower Fentanyl-Related Tariffs on China
.
President Donald Trump said on Oct. 28 that he expects to lower fentanyl-related tariffs on Chinese imports, citing Beijing’s cooperation in curbing the flow of fentanyl and its chemical precursor into the United States.
Speaking to reporters aboard Air Force One, Trump suggested the United States could reduce those tariffs ahead of his meeting with Chinese leader Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in South Korea.
When asked whether Beijing’s potential move to delay its rare earth export controls for a year would be sufficient to prompt additional concessions, Trump said, “We haven’t talked about the timing yet, but we are going to work out something.”
Trump did not provide details on how China would help curb the flow of fentanyl precursors into the United States, but said he intends to address the matter with Xi during their meeting in South Korea on Oct. 29.
“We'll [also] be discussing the farmers. We’ll be discussing a lot of things, but fentanyl will be one of the things we’re discussing,” the president said.
“They had threatened to put a global export licensing regime, and I believe that they are going to delay that for a year while they reexamine it,” Bessent said during the interview.
Although Bessent didn’t disclose details, he said he is confident that when the deal with China is made public, “[U.S.] soybean farmers will feel very good about what’s going on, both for this season and the coming seasons, for several years.”
The two sides also agreed that Beijing would begin to help the United States with the precursor chemicals for the fentanyl epidemic in the United States, Bessent added.


