Buck Sexten, Co-Sport of ‘The Clay Travis and Buck Sexton Show,’ provides an in-depth analysis of the acquisition of the China market and the potential shift in the Asia-Pacific trade to ‘Kudlow.’
The White House on Saturday detailed the “Historic” Trade Agreement between President Donald Trump and Chinese President Xi Jinping – a sweep to ease tensions between the world’s two largest economies.
The deal, which officials described as a “major victory,” was finalized this week during a bus conference in Busan, South Korea. They include US tariff cuts and a series of Chinese commitments on Fentanyl, Rare Earth Prescriptions and agricultural trade, according to a white news release.
The deal “protects economic strength and national security while putting American workers, farmers and families first,” according to the White House.
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US President Donald Trump greets Chinese President Xi Jinping before a state meeting at Gimhae Air Base on Oct. 30, 2025, Busan, South Korea. (Andrew Harnik/Getty Images/Getty Images)
Under the agreement, China will limit the flow of Fentanyl chemicals to the US, introduce new export controls and other US goods and propose retaliatory measures against major US companies, according to the announcement.
China specifically agreed:
- Temporarily suspending shipping controls on shipments to international stores announced on Oct. 9.
- Issue general licenses for rare earth exports, gallium, germanium, antimony and graphite.
- Take “important steps to reduce the flow of Fentanyl into America.
- Suspend all retaliatory tariffs imposed since March, including on US farm products such as soy, pork, corn and milk.
- Eliminate non-tariff countermeasures against US Industries.
- Buy 12 million metric tons of US soybeans by the end of the year and 25 million tons annually by 2028.
- Resume imports of US Sorghum and hardwoods.
- Resume trading from NEXPERIA chip operations in China.
- Lifting sanctions taken in response to US investigations into China’s infrastructure, goods and export sectors.
- Investigating Investigations of US semiconductor companies.
- Extend the process of issuing the currency used for the currency of the import market outside the US on Dec. 31, 2026.
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President Donald Trump and Chinese President Xi Jinping Talk after a meeting at Gimhae International Airport, at the Asia-Pacific Cooperation (APEC) summit, in South Korea, Oct. 3025. (Reuters / Evelyn Hockstein / Photos Photos)
In return, the US agreed to:
- Cutting tariffs on Chinese imports – originally imposed to reduce the flow of Fentanyl – by 10 percent began on November 10, while maintaining the maximum tariff rates until November 10, 2026.
- Extend some 301 tax credits on Nov. 10, 2026.
- The delay in the enforcement of the new export law targeting Chinese firms is scheduled until November 10, 2026.
- Suspend new trade actions linked to China’s shipbuilding cattle investigation and logistics until the end of 2026, while continuing to strengthen ties with South Korea and Japan.
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The flags of the United States and China fly from a lamppost in Chinatown in downtown Boston, Massachusetts, on November 1, 2021. (Reuters / Brian Snyder / Reuters Photos)
The White House sealed the deal as the latest in a “History Wins for the American” segment during Trump’s Asia trip. The visit also resulted in new trade agreements with Malaysia and Cambodia and the establishment of negotiating bodies with Thailand and Vietnam.
In addition, the trip is protected by increased investment commitments from Japanese and South Korean stores.
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“This trade and economic benefit caps President Trump’s successful trip to Asia, where he delivered a series of victories for the American people,” the White House wrote.
