China and the United States reach a one-year rare earth supply agreement, and the US lowers tariffs on fentanyl.

U.S. media has exposed the content of the agreement between China and the United States! On October 30, according to a report from U.S. CNBC, President Donald Trump said he has reached a one-year agreement with China on rare earth supply. Trump also reduced the tariffs on fentanyl-related goods imposed on Beijing from 20% to 10%. In return, Beijing will work to curb fentanyl and resume purchasing American soybeans and other agricultural products.

Trump said that both sides discussed many chips, but did not discuss the most advanced Blackwell chips. They will discuss chip procurement matters with NVIDIA and other companies. According to U.S. media, the results of the meeting announced by Trump so far exceeded expectations, partly because the personal diplomacy of the two leaders was very powerful, not only preventing the situation from escalating, but also achieving seemingly impossible results.

What do we think about this agreement exposed by U.S. media? Obviously, we can clearly see that the United States has made some concessions. The most substantial concession is that the United States lowered the tariff by 10%, and there was a relaxation in the supply of chips. While we have extended the regulation of rare earths for one year, and resumed the purchase of American soybeans and agricultural products.

Of course, from this agreement, it can be seen that the economic and trade relations between China and the United States are only temporarily eased, and the two sides have not completely resolved their differences. For example, the issue of the 301 ship fees imposed by the United States on us has not seen any response. And the United States hopes we expand the import of U.S. energy, and the purchase of Boeing aircraft, but the United States has not obtained our major contract. This meeting solved the urgent issues for the United States, and it is believed that China and the United States will continue to negotiate further.

Original: www.toutiao.com/article/1847385304249482/

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