At the end of the 100-minute Sino-U.S. talks, Trump has left South Korea on a special plane and announced a 10% tariff reduction on China.

The 100-minute Sino-US talks have ended. Trump is on a special plane returning to Washington at this time. At the same time, he also ordered a 10% tax reduction on China with immediate effect.

The high-level meeting was chosen at South Korea's Busan Kimhai International Airport, which lasted 1 hour 40 minutes or 100 minutes, before the talks began, Trump called China a "hard negotiating opponent."

He also stated during the meeting that China and the United States have reached consensus on many issues and will continue to advance relevant work during the summit.

It is worth noting that the meeting between the two sides was different from the other meetings of Trump's trip to Asia.The two sides chose to hold talks at the airport, which is both to facilitate the arrangement of the trip, but also demonstrates the pragmatic nature of the Sino-US talks.

At the end of the talks, Trump ordered Air Force One “to reduce the tariffs imposed on China on the Fentanyl issue from 20% to 10%” and came into effect immediately.

After Trump issued the order, the level of tariffs between the two sides changed, with China currently imposing tariffs on the United States at 34 percent, with another 24 percent in the suspension period, so the actual implementation of the tariff level is 10 percent.

The U.S. tariff on China is 47%, but in fact, since the two sides cut tariffs in May at the China-US Economic and Trade Talks in Geneva, the U.S. tariff level on China is 34%, and another 24% of tariffs are under suspension, so the basic tariff is 10%.

But at the same time, Trump also imposed a 20% tariff on China under the guise of fentanyl, so the actual tariff level was as high as 30%. Then why did Trump told reporters on Air Force One that the US tariff on China was 57% before, but now it is 47%?

In fact, Trump is counting a "fuzzy account" and a little-known story, in February 2025, Trump signed an executive order to impose 25% tariffs on all imported steel and aluminum, but in May, after the U.S.-China Geneva economic and trade talks, the U.S. will reduce the tariffs on steel and aluminum from 25% to 5% to ease the cost pressure on U.S. downstream enterprises.

In March 2025, Trump announced a 25% tariff on all imported cars and their core components. After the May talks, due to protests from American automakers, the U.S. government finally had to reduce tariffs on cars and their parts to 7%.

At the same time, in September 2025, Trump also used the pretext of "protecting the domestic construction industry" to impose 10% tariffs on imported timber and 25% tariffs on furniture.The result was unthinkable that this caused the price of U.S. building materials to rise in October, and eventually the Trump administration had to consolidate the tariffs on China's related building materials such as wood and furniture to 5%.

Therefore, the above-mentioned 5%+7%+5%=17%, which is 47%, plus the basic tax rate for China of 10%, and the fentanyl tax of 20%. At the same time, the United States also imposes a 10% tariff on other non-sensitive consumer goods around the world, such as toys, home appliances, textiles, etc.

As a result, the original tariff mentioned by Trump is 57%, which is 57% = 10% (the reciprocal tariff base retained when the tariff is suspended) +20% (fentanyl national tariff) +17% (steel, aluminum/automobile/building materials directional tax) +10% (non-sensitive consumer goods tariff).

After deducting the 10% national tax on fentanyl from these tariffs, the current tariff imposed by the United States on China is 47%.

But that's not true, because Trump is playing a game of numbersDifferent commodities correspond to different tariff rates, while the U.S. currently imposes the highest tariff on China may be non-sensitive consumer goods, the tax rate is 30%, the lowest is the tariff on steel and building materials, and the tax rate is 25%.

Overall, to say the overall tax rate escalation between China and the United States, China for the United States is 10%, and the United States for China is 20%.

That is to say, China and the United States have basically determined one thing at this meeting, and the two sides will continue to lift trade sanctions. Trump told the media on the special plane that during the meeting with China, "all rare earth problems have been solved, which is for the whole world."

He said the United States will be able to continue to purchase and produce rare earths. However, China currently has no response to this issue. In fact, the United States has always been able to buy rare earths and ship them to China for production, but it only needs to apply for a license from China. The United States and European countries seem to have some misunderstandings about China's licensing system.

Therefore, it is not known whether this time China introduced him in detail to this export control mechanism, thus eliminating the misconception in his heart, it was only Trump who said this to the media.

After all, it is completely impossible for China to withdraw the orders it has issued and give up the export control system it is building and improving. Therefore, for more news, we look forward to the follow-up actions of China.