The Art of the Deal author and Big Daddy Xi continue their game of tariff checkers with a new round of negotiations.

In the near term, penalties are way down

Amid the 90-day pause, Trump’s 20% fentanyl-related tariffs on China, imposed in February and March, will remain. That means Chinese goods entering the US will face a 30% tariff, down from 145%, while US goods going the other way will be subject to a 10% levy from Beijing, down from 125%.