Part 7/11:
The U.S. agreed to lower tariffs applied to Chinese goods—tariffs that ranged between 20% and 50%—and promised not to impose further 100% tariffs. In return, China committed to limiting exports of fentanyl precursors to the U.S. and to increase soybean imports. From the outside, this appears like a limited but potentially meaningful headway—Chinese commitments to fulfill longstanding promises, which have habitually fallen through.