China, US agree to 1-year truce in trade war

Business Nov 05, 2025

China just dropped all extra tariffs on US farm goods like soybeans, corn, wheat, and chicken after the US halved its fentanyl-related tariffs on Chinese goods.
This is part of a one-year trade truce agreed by Presidents Trump and Xi in South Korea—basically, both sides are hitting pause on their trade fight for now.

What does it mean for the 2 countries?

This move rolls back tariffs that had hit over $12 billion worth of US soybean exports and gives American farmers a big boost.
With both countries lowering trade barriers, prices could stabilize and business between the two might finally get a breather.