Trump trims tariffs on China, strikes rare earths deal after talks with Xi

US President Donald Trump on Thursday said he had agreed with President Xi Jinping to lower tariffs on China in exchange for Beijing resuming US soybean purchases and keeping rare earths exports flowing. The talks, their first face-to-face meeting since 2019, came as both nations weigh escalating tariffs and strategic rivalry in Asia.

Trump trims tariffs on China, strikes rare earths deal after talks with Xi
US President Donald Trump on Thursday said he had agreed with President Xi Jinping to lower tariffs on China in exchange for Beijing resuming US soybean purchases and keeping rare earths exports flowing. The talks, their first face-to-face meeting since 2019, came as both nations weigh escalating tariffs and strategic rivalry in Asia.