Deal between the US and China is undoing damage from a self-inflicted trade war
Update: 2025-10-30
Description
In a recent meeting between President Trump and China's Xi Jinping, both countries agreed to ease trade tensions by reducing tariffs and allowing rare earth material exports. However, the deal is seen as a reset rather than progress, with the U.S. not gaining significant advantages and fundamental trade issues remaining unresolved. The agreement's short-term benefits, such as soybean sales and dropped port fees, are tempered by uncertainty and potential future challenges.
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