USA-China: Trump Cuts China Tariffs to 10% After Xi Summit
As reported by Reuters, US President Donald Trump announced the United States will lower tariffs on Chinese goods from 20% to 10% following talks with Chinese President Xi Jinping in South Korea.
According to Trump, the summit produced several key agreements, including China’s commitment to begin large-scale purchases of US soybeans and other agricultural products immediately. The two leaders also reached a one-year deal on rare earths, which Trump said would be extended.
Trump’s announcement follows earlier statements linking the tariff reduction to China’s efforts to stop the flow of fentanyl.
USA-Canada: Trump Announces a 10% Increase in Tariff on Canada Following World Series Ad
On October 25, US President Donald Trump announced a 10% increase in tariffs on Canadian goods, citing an advertisement aired by Ontario during the World Series as the trigger. According to Reuters, the tariff hike comes after Trump paused trade negotiations with Ottawa earlier this week.
While most Canadian exports to the US are protected under the USMCA trade agreement, some goods remain subject to tariffs, and the Trump administration previously imposed 35% tariffs on items outside the deal.
China: Anti-Dumping Investigation Into Pecans From the US and Mexico
On September 25, 2025, China’s Ministry of Commerce initiated an anti-dumping investigation into pecans imported from the United States and Mexico, as reported by Reuters. According to the ministry, preliminary evidence showed exports at below-normal prices. Mexico’s economy ministry has affirmed that all its trade decisions compile with WTO maximum tariff limits. The investigation is scheduled to conclude by September 25, 2026, though a six-month extension is possible under special circumstances.
Costa Rica: Market Access for Brazil Nuts From Brazil
According to a statement from the Brazilian Ministry of Agriculture and Livestock, Costa Rica has authorized the import of Brazil nuts from Brazil. This announcement applies to both shelled and in-shell Brazil nuts.
Indonesia: Negotiations Concluded on Free Trade Agreement With EU
In late September, Indonesia and the EU finalized negotiations for a Comprehensive Economic Partnership Agreement (CEPA) and an Investment Protection Agreement (IPA). According to a statement released by the EU, the agreement will remove import duties on 98.5% of tariff lines and simplify procedures on EU goods exports to Indonesia, including agri-food products.
The European Commission will now submit its proposal to the Council for the signature and conclusion of the CEPA and the IPA. Once adopted by the Council, the EU and Indonesia can sign the agreements. Following the signature, the texts will be transmitted to the European Parliament for consent. After the consent by the Parliament, and once Indonesia also ratifies them, the CEPA and IPA can enter into force.