Trump and Xi Extend Tariff Truce, Ease Controls | JQJO

At a landmark summit Thursday, Donald Trump and Xi Jinping agreed to extend a tariff truce, roll back export controls, and reduce other trade barriers, aiming to steady relations after months of turmoil. In their first meeting since Trump’s return to the White House, the pair agreed China would pause sweeping controls on rare-earth magnets in exchange for what Beijing said was a U.S. agreement to roll back an expansion of restrictions on Chinese companies. The U.S. will also halve fentanyl-related tariffs on Chinese goods, while Beijing resumes purchases of soybeans and other American agricultural products.