30 Oct 2025 | 5 Mins Read
Trump and Xi meeting yields a fragile truce
Flipitmoney
Donald Trump and Xi Jinping reached a rare earth elements trade truce in South Korea. China agreed to pause export controls on rare earths for one year. The deal allows tariffs on Chinese goods to decrease to 47%. Trump plans to visit China in April and Xi to visit the U.S. at a later date. The truce is not a comprehensive trade deal, described as an "uneasy truce" in a still simmering trade war.