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Event Brief

Trump Formalizes Fentanyl, Tariff Cuts in Xi Deal

Trump announced cuts to fentanyl tariffs from China, formalizing trade deal elements with Xi Jinping.
WHO: Donald Trump, Xi Jinping
WHAT: Cut to fentanyl-related tariffs and freeze on reciprocal levies
WHEN: Nov 4, 2025 at 7:00 PM ET
WHERE: United States, China
WHY: To formalize key elements of a trade deal
Sources (2): Bloomberg, Straits Times

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