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Trump cuts fentanyl tariffs on China to 10% as Beijing delays latest rare earth curbs by a year
Beijing on Thursday paused export controls on rare earths, while Washington cut fentanyl-linked tariffs, following a high-stakes meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping in South Korea. The Chinese export controls, announced on Oct. 9, will be delayed by one year, while the U.S. will similarly postpone implementation of measures announced Sept. 29 that also blacklisted majority-owned subsidiaries of Chinese companies on the U.S. entity list, China’s Ministry of Commerce said. Trump told reporters aboard Air Force One as he left South Korea that the meeting with Xi was ... (full story)
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From finance.yahoo.com | Oct 29, 2025
China has sent a clear signal that it is willing to pull the plug on subsidies for its electric vehicle industry after years of big-ticket government support fuelled a boom that has left the world's second-largest economy saddled with vast oversupply, prompting it to push into global car markets. Top policymakers omitted electric vehicles from their list of ...