Trump Plans Fentanyl Tariff Cuts Ahead Xi Jinping Talks

President Donald Trump, during his Asia tour, indicated a likely reduction in fentanyl-related tariffs on Chinese goods as part of upcoming discussions with Chinese President Xi Jinping at the Asia-Pacific Economic Cooperation summit in South Korea. Trump expressed optimism about China's cooperation to curb fentanyl and its chemical precursors, which have contributed to the U.S. opioid crisis, and hinted that tariffs could be lowered from 20% potentially to around 10%. This prospective tariff reduction is seen as a key element in easing trade tensions and advancing cooperation on fentanyl control, a major issue between the two countries. Additionally, Trump mentioned plans to discuss Nvidia’s advanced Blackwell AI chip with Xi, signaling openness to technology trade concessions. The talks are part of a broader diplomatic effort that also includes meetings with other regional leaders, focusing on economic partnerships and security concerns. These developments suggest a potential shift toward more collaborative U.S.-China relations amid ongoing trade and drug enforcement challenges.