Trump says Xi agreed to one-year trade deal after ‘amazing’ talks
Al Jazeera
US president says rare earths issue settled after ‘amazing’ meeting with Chinese counterpart.
Gyeongju, South Korea – United States President Donald Trump has announced an agreement with China to lower some US tariffs and avert Chinese export controls on rare earths, lowering the temperature in a heated trade war that has threatened to upend the global economy.
Trump on Thursday met Chinese President Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in South Korea, in the two leaders’ first face-to-face meeting since 2019.
Trump said the sides had made “outstanding groups of decisions” and their agreement would initially be for one year. He said the sides would formally sign a deal “pretty soon”.
Chinese President Xi Jinping was more measured in early remarks, reported by the country’s state media.
The Xinhua news agency quoted Xi as saying that the “economic and trade teams of China and the United States held in-depth talks and reached consensus on solutions to problems”.
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