US–China trade reset: From port fees, tariffs to rare earths — What Donald Trump and Xi Jinping agreed on

US and China have agreed to a temporary truce in their trade war, pausing new tariffs and export curbs. Key deals include China resuming significant soybean purchases, US cutting fentanyl-related tariffs, and China lifting rare-earth export restrictions. This de-escalation offers a year-long window for further negotiations.

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