Trump, the trade war loser.

Trump, the trade war loser.

The news network’s website wrote: The year-long war between China and the United States escalated in February 2025 when Trump imposed tariffs on the Asian country, Canada, and Mexico. Since then, Beijing and Washington have experienced turbulent relations and have imposed retaliatory tariffs on each other, sometimes reaching triple-digit levels.

But after Trump and Chinese President Xi Jinping met in South Korea on Thursday to discuss trade and other issues, Trump agreed to reduce tariffs on Chinese goods by 10 percent in exchange for China’s action to block the import of the narcotic fentanyl. But the effective rate of US tariffs on Chinese imports into the country remains around 47 percent.

As Trump’s second term in office has reimposed US tariffs on many countries, Beijing has reduced purchases of American goods. Even before Trump’s second term, its exports to the United States were falling, and the trend has accelerated in recent months.

In September, China’s exports to the United States totaled $3.3 billion, down 27 percent from $47 billion in the same month a year earlier.