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‘Amazing’ Trump-Xi talks produce a pause in US-China trade war
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US President Donald Trump and Chinese President Xi Jinping appeared to have stepped back from the toxicity that had enveloped the trade war.
PHOTO: REUTERS
- Trump and Xi's meeting eased US-China trade war tensions, addressing rare earths, soyabeans, and fentanyl. Trump called it "amazing," rating it "12 out of 10."
- China will increase soyabean purchases and ease rare earth export controls. The US will cut fentanyl tariffs and suspend some trade investigations for a year.
- Analysts see it as a "tactical pause" rather than a breakthrough. It averts escalation, promoting stability but key issues like technology controls remain.
AI generated
AUSTIN/SINGAPORE – A meeting of about 100 minutes on a cloudy morning in an unglamorous building off an airport tarmac in South Korea appears to have brought some respite in the US-China trade war.
Several pain points in trade between the world’s largest economies – rare earths, soya beans and fentanyl-related tariffs – were addressed during the first face-to-face meeting between US President Donald Trump and his Chinese counterpart Xi Jinping since 2019.
