Trump and Xi Announce Tariff Truce
Donald Trump and Xi Jinping have agreed to extend a tariff truce, roll back export controls, and reduce other trade barriers.
The agreement includes halving fentanyl-related tariffs on Chinese goods and pausing sweeping controls on rare-earth magnets.
China would pause controls on rare-earth magnets in exchange for a U.S. agreement to roll back restrictions on Chinese companies.
This landmark summit aims to stabilize relations between the world's biggest economies after months of turmoil.
Author's summary: Trump and Xi agree on tariff truce.