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International Business Times UK
International Business Times UK
World
Angelo dela Dingco

US and China Seek Trade Progress Amid Fentanyl and Inflation Concerns

US President Donald Trump views fentanyl as an extraordinary threat to national security and public health. In a move that could impact trade relations, Trump announced he would lower tariffs on Chinese imports linked to fentanyl production in exchange for China cracking down on exports of chemical ingredients used in manufacturing the drug.

This potential deal comes ahead of a high-level meeting scheduled for 30 October 2025 between Trump and Chinese President Xi Jinping, set during the ongoing Asia-Pacific Economic Cooperation (APEC) summit in South Korea. The negotiations are seen as a critical step towards easing trade tensions, which have significantly impacted both nations' economies.

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