President Donald Trump on Tuesday officially reduced the U.S. fentanyl-related tariff on Chinese goods to 10 percent, following an in-person meeting with Chinese leader Xi Jinping in South Korea last month.
The lower tariff, half the current 20 percent rate applied in March, will take effect on Nov. 10, according to an executive order issued by the White House on Nov. 4.
“The PRC has committed to take significant measures to end the flow of fentanyl to the United States, including stopping the shipment of certain designated chemicals to North America and strictly controlling exports of certain other chemicals to all destinations in the world,” Trump stated in the executive order, using China’s official name, the People’s Republic of China….
US Reduces Fentanyl Tariff on China to 10 Percent After Trump–Xi Talks
