In an early morning social media post, the White House announced that the United States and China reached an understanding on agriculture, energy, and critical materials following discussions in Korea. According to the October 30, 2025 post, China authorized new purchases of U.S. soybeans, sorghum, and other agricultural commodities, agreed to continue exports of rare earths and critical minerals, and pledged to cooperate with the United States to reduce fentanyl trafficking.
WHAT TRADE AND TARIFF CHANGES DID THE WHITE HOUSE DESCRIBE?
A subsequent press briefing clarified that the United States will lower tariffs on Chinese goods by 10 percent in response to China’s strengthened enforcement against fentanyl trafficking. United States Trade Representative (USTR) leadership also indicated that port-arrival fees for Chinese-flagged vessels will be postponed while negotiations continue over shipbuilding subsidies identified by the United States as market-distorting. As of October 30, no implementation guidance has been issued by the White House, USTR, or CBP.
WHAT AGRICULTURAL AND ENERGY AGREEMENTS DID THE WHITE HOUSE CONFIRM?
According to the White House post, China will purchase additional U.S. farm products, including soybeans and sorghum, and will begin purchasing American energy, including potential transactions for oil and gas from Alaska. Federal and state energy representatives are expected to meet with Chinese counterparts to evaluate large-scale supply opportunities and project timelines.
WHAT ACTIONS ON CRITICAL MINERALS AND RARE EARTHS WERE DISCUSSED?
The White House also indicated that China will continue shipments of rare earths, critical minerals, and magnet materials used in U.S. manufacturing and technology production. It further suggested that China will delay implementation of its planned export-licensing program for rare-earth materials while discussions continue.
Discussions were described as productive and forward-looking, citing progress on trade, industrial, and enforcement priorities. No formal policy documents or regulatory instructions have been released by either government since the announcement.
