President Donald Trump announced aboard Air Force One on Thursday that he will lower tariffs on China, reducing the tariff rate on goods entering the U.S. from 57% to 47%.

Trump said he increased tariffs on China earlier this year in retaliation for the nation not doing enough to stop the flow of fentanyl to the United States. The Drug Enforcement Administration says China is the “primary source” of illegal fentanyl in the U.S.

Previously, the U.S. had placed a 37% reciprocal tariff on goods shipped from China. The Trump administration added a 20% tariff because of fentanyl. That additional tariff has now been reduced to 10%.

Thursday’s announcement came after Trump met with Chinese President Xi Jinping in South Korea.

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