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Event Brief

US Cuts Fentanyl Tariff On China to 10% After Xi Deal

US reduces fentanyl tariff on China to 10% as part of trade deal with Xi Jinping.
WHO: US President Donald Trump, Xi Jinping
WHAT: Cutting fentanyl-related tariff
WHEN: Nov 3, 2025 at 7:00 PM ET
WHERE: United States, China
WHY: To fulfill a key element of the trade deal
Sources (1): Bloomberg

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