Three Weeks to Shenzhen: The Trump–Xi Trade Deal, Line by Line

President Trump and Xi Jinping agreed to a $30-billion-for-$30-billion tariff swap, a new Board of Trade and a longer truce. Here is what is actually signed, what is still loose, and the deadlines that matter before APEC.

By Clara Hughes

A month after President Trump hosted Chinese leader Xi Jinping in Washington, the two sides are racing to turn a summit framework into hard commitments before they meet again. The next stop is Shenzhen, where China hosts the APEC leaders' meeting on Nov. 18–19. Both leaders intend to attend APEC and the G20, Xinhua reported after the summit, with the United States hosting the G20 in December. Here is the deal, line by line. 1. The $30-for-$30 tariff swap The headline item is reciprocal tariff cuts covering about $30 billion of imports on each side, with more than 90% of covered products returning to standard WTO-bound duty rates, according to an analysis by the law firm Wilson Sonsini. China's Commerce Ministry (MOFCOM) said the lists are based on 2024 trade. MOFCOM said China's cuts cover U.S. agricultural products, personal