Reuters says that the tariff on China was only reduced from 57% to 47%.
https://archive.is/O1Kfs (reuters)
The quote below is tweeted by a Chinese Embassy in the US.
ICYMI: The outcomes achieved by #Chinese and #US delegations during their recent economic and trade talks in #KualaLumpur.⬇️
🇨🇳🇺🇸The outcomes achieved by Chinese and US delegations during their recent economic and trade talks in #KualaLumpur.⬇️
1️⃣
🇺🇸The US will cancel the 10% so-called “#fentanyltariffs” and suspend, for an additional year, the 24% #reciprocaltariffs levied on Chinese goods, including goods from the #HongKong SAR and the #Macao SAR.
🇨🇳China will make corresponding adjustments to its countermeasures against the aforementioned US tariffs.
🤝Both sides have agreed to continue extending certain tariff exclusion measures.2️⃣
🇺🇸The US will suspend for one year the implementation of a new rule announced on Sept 29 that expands its “#entitylist” export restrictions to any entity that is at least 50% owned by one or more entities on the list.
🇨🇳China will suspend the implementation of relevant export control measures announced on Oct 9 for one year and will study and refine specific plans.3️⃣
🇺🇸The US will suspend the implementation of measures under its #Section301 investigation targeting China’s maritime, logistics and shipbuilding industries for one year.
🇨🇳China will correspondingly suspend the implementation of its countermeasures against the US side for one year once the US suspension takes effect.4️⃣The two sides also reached consensus on issues including anti-drug cooperation on #fentanyl, expanding #agricultural product trade, and the handling of individual cases involving relevant enterprises.
5️⃣Both sides further confirmed the outcomes of the Madrid economic and trade talks. The US side made positive commitments in areas such as investment, and China will properly resolve issues related to #TikTok with the US side.
https://xcancel.com/ChineseEmbinUS/status/1983872076504297899#m
Below is the China press release for the meeting between Trump and Xi. It’s mostly civility stuff.
https://www.fmprc.gov.cn/eng/xw/zyxw/202510/t20251030_11743886.html
Below is today’s China Foreign Ministry press conference. It mentions the South Korea Nuclear Submarine and Trump’s order to start testing nuclear weapons,
https://www.mfa.gov.cn/eng/xw/fyrbt/202510/t20251030_11744169.html
Below is a press statement by China’s Ministry of Commerce (MOFCOM). It’s written in Chinese.
https://www.mofcom.gov.cn/xwfb/xwfyrth/art/2025/art_c42035acf50846ffb9fb4761ee224faf.html
I feel like an unspoken part of the agreement was that America ignores Taiwan and China looks the other way with Venezuela and Ukraine. Taiwan wasn’t mentioned at all in the talks despite the whole semiconductor trade war going on and Taiwan’s President sucking up hard to Trump and previously Biden, going as far as to allow TSMC to shift some of its manufacturing to the US.
As another user in this thread pointed out, economic development and Taiwan are the primary concerns of China, and they got something for both out of this agreement.
Unfortunately this does mean China will continue to allow the Global South to be Imperialized and will continue to undermine their efforts to develop their economies by being the biggest exporter of goods to America (the ‘mercantilist war’ that Xiaohongshu has brought up many times here). So at least in the short term, we will still be just getting strongly worded letters from Beijing about US aggression around the world.