Unverified information circulating on Chinese-language social media, for reference only: Key outcomes from the May 14 U.S.-China talks in Beijing — substantive policies already finalized and about to be implemented (officially confirmed, not just slogans) The measures fall into two categories: policies agreed on and executable immediately, and detailed implementation rules to be rolled out within the next one to two months. Previous consensus measures have also been extended and upgraded during this round of talks. All of these are hard policies that will immediately affect businesses, imports and exports, technology, and travel. I. Trade and Tariffs (Most Direct and Fastest to Take Effect) Tariff truce extended and optimized The U.S. side has officially confirmed: Permanent removal of the 10% fentanyl-related tariffs on Chinese goods; Suspension of the 24% punitive tariffs on China extended for another 18 months (previously extended for only one year; this round lengthens the suspension directly). China’s reciprocal measures: Removal of the additional 10%–15% tariffs on U.S. agricultural products including soybeans, corn, beef, pork, and wheat; Only a very small category of strategic goods will retain a 10% tariff, while all others return to normal tariff rates. Establishment of a permanent U.S.-China Economic and Trade Committee and an Investment Review Committee, so that future frictions will be handled through institutional negotiations rather than temporary tariffs or ad hoc Section 301 investigations. The U.S. side will suspend Section 301 investigations into China’s shipbuilding, logistics, and maritime sectors for 18 months; China will simultaneously remove retaliatory tariffs on ships. II. Technology and Export Controls (Major Substantive Easing) The U.S. side will suspend the 50% penetration-based chip export control rules for 18 months (previously suspended for only one year), allowing normal trade with China in mid-range chips and equipment. China will suspend reciprocal export controls on rare earths and critical minerals for 18 months, resuming normal global supply. Both sides agreed not to arbitrarily expand entity lists or blacklist companies, and to establish channels for companies to appeal individual cases. Restrictions on a number of sanctioned Chinese and American firms will gradually be lifted. III. Immediate Policies on People-to-People Exchanges, Visas, and Tourism Restoration of five-year multiple-entry business and tourist visas for both sides, with the cancellation of additional entry reviews previously imposed. Expansion of direct China-U.S. flights, with the number of weekly flights set to double starting in June. Restart of green channels for international students and academic exchanges, including eased restrictions on science and engineering students. IV. Law Enforcement and Global Cooperation Arrangements The U.S. and China will restart joint anti-drug enforcement mechanisms, with the U.S. cooperating on fentanyl tracing and China cooperating on chemical controls. The two militaries will restore crisis communication hotlines to prevent military miscalculations in the South China Sea and Taiwan Strait (a substantive security policy measure). V. How This Round of Talks Differs from Previous Ones The Busan meeting produced only a one-year temporary truce, while the Beijing talks have now upgraded this into an 18-month stability policy plus a three-year strategic framework. Trade teams reportedly signed written implementation memoranda yesterday, meaning these are not merely verbal commitments. The finance and commerce ministries of both countries will issue formal implementation documents directly. All policies are expected to be officially announced and take effect gradually from late May through early June. VI. Areas Not Relaxed (Bottom Lines Unchanged) High-end AI chips, advanced lithography machines, and military-related technologies remain under strict controls. On the Taiwan issue, the U.S. side only reiterated the One China policy, with no additional concessions.