{"id":543,"date":"2025-10-30T08:39:48","date_gmt":"2025-10-30T08:39:48","guid":{"rendered":"https:\/\/inernews.online\/?p=543"},"modified":"2025-10-30T08:39:48","modified_gmt":"2025-10-30T08:39:48","slug":"trump-says-xi-agreed-to-one-year-trade-deal-after-amazing-talks-international-trade-news","status":"publish","type":"post","link":"https:\/\/inernews.online\/?p=543","title":{"rendered":"Trump says Xi agreed to one-year trade deal after \u2018amazing\u2019 talks | International Trade News"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<p class=\"article__subhead\"><em>US president says rare earths issue settled after \u2018amazing\u2019 meeting with Chinese counterpart.<\/em><\/p>\n<\/div>\n<div>\n<div class=\"byline byline--single-avatar\">\n<div class=\"avatars-container\">\n<div class=\"responsive-image\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.aljazeera.com\/wp-content\/uploads\/2020\/09\/jp-1730786685-rotated.jpg?resize=96%2C96&amp;quality=80 96w\" sizes=\"(max-width: 96px) 96px, 96px\" aria-hidden=\"true\"\/><\/div>\n<\/div>\n<\/div>\n<div class=\"article-dates\">\n<p><span class=\"screen-reader-text\">Published On 30 Oct 2025<\/span><span aria-hidden=\"true\">30 Oct 2025<\/span><\/p>\n<\/div>\n<div class=\"rich-share\" data-testid=\"rich-share\">\n<div class=\"rich-share__wrapper\">\n<div class=\"rich-share__button-wrapper\"><button class=\"rich-share__button row\" aria-expanded=\"false\"><\/p>\n<p>Click here to share on social media<\/p>\n<p><svg class=\"icon icon--share2 icon--primary icon--16 \" viewbox=\"0 0 20 16\" version=\"1.1\" aria-hidden=\"true\"><title>share2<\/title><path fill=\"#000\" fill-rule=\"evenodd\" d=\"M11.688 9.048c-.659 0-1.252.282-1.673.733l-4.92-2.45c.016-.115.028-.232.028-.352 0-.117-.011-.23-.027-.343l4.913-2.423a2.285 2.285 0 0 0 1.68.739C12.964 4.952 14 3.899 14 2.6 14 1.302 12.965.25 11.688.25S9.377 1.302 9.377 2.601c0 .117.01.23.027.343L4.49 5.367a2.285 2.285 0 0 0-1.68-.739C1.536 4.628.5 5.681.5 6.979c0 1.299 1.035 2.35 2.312 2.35.659 0 1.252-.281 1.673-.731l4.92 2.45a2.357 2.357 0 0 0-.029.351c0 1.299 1.035 2.351 2.312 2.351S14 12.698 14 11.399s-1.035-2.35-2.312-2.35Z\" clip-rule=\"evenodd\"\/><\/svg><\/button><\/p>\n<p class=\"rich-share__social-text\">Share<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div aria-live=\"polite\" aria-atomic=\"true\">\n<p><strong>Gyeongju, South Korea \u2013 <\/strong>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.<\/p>\n<p>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\u2019 first face-to-face meeting since 2019.<\/p>\n<section class=\"more-on\">\n<h2 class=\"more-on__heading\">Recommended Stories<!-- --> <\/h2>\n<p><span class=\"screen-reader-text\">list of 4 items<\/span><span class=\"screen-reader-text\">end of list<\/span><\/section>\n<p>Trump said the sides had made \u201coutstanding groups of decisions\u201d and their agreement would initially be for one year. He said the sides would formally sign a deal \u201cpretty soon\u201d.<\/p>\n<p>Chinese President Xi Jinping was more measured in early remarks, reported by the country\u2019s state media.<\/p>\n<p>The Xinhua news agency quoted Xi as saying that the \u201ceconomic and trade teams of China and the United States held in-depth talks and reached consensus on solutions to problems\u201d.<\/p>\n<p>Xi \u201ccalled on both sides to focus on long-term benefits brought by cooperation rather than falling into vicious cycle of retaliation,\u201d Xinhua said.<\/p>\n<p>Under the trade truce,\u00a0China will not go ahead with its planned\u00a0export controls on rare earths, while the US will drop a threatened 100 percent tariff on Chinese goods, Trump said.<\/p>\n<p>Trump said the issue of rare earths had been \u201csettled\u201d after the summit.<\/p>\n<p>Rare earth minerals \u201cwill hopefully disappear from our vocabulary for a little while,\u201d Trump said on Air Force One after departing South Korea.<\/p>\n<p>China\u2019s plans to require companies anywhere in the world to obtain a licence to export goods containing even trace amounts of its rare earths had raised fears of massive disruptions to global supply chains.<\/p>\n<p>Chinese producers hold a near monopoly on the supply of the critical minerals, which are used to make everything from smartphones to fighter jets.<\/p>\n<p>Trump said he would lower a tariff imposed in response to the flow of fentanyl from 20 percent to 10 percent after Xi agreed to \u201cwork very hard\u201d to stop the flow of the synthetic opiate.<\/p>\n<p>\u201cI believe he is going to work very hard to stop the death that is coming in,\u201d Trump said.<\/p>\n<p>Other tariffs on Chinese goods would remain unchanged, leaving the average US tariff rate at about 47 percent.<\/p>\n<p>China\u2019s average tariff on US products stands at about 32 percent.<\/p>\n<p>Shan Guo, a partner with Shanghai-based consultancy Hutong Research, said the cut in the fentanyl tariff was \u201clargely expected\u201d.<\/p>\n<p>\u201cChina has been asking for the fentanyl cut since Stockholm, it is now getting what it wants using rare earth as leverage,\u201d Guo told Al Jazeera, referring to US-China trade negotiations that took place in the Swedish capital in July.<\/p>\n<p>\u201cIt is a 10 percent cut instead of 20, likely because US still wants to maintain some leverage as the two sides talk more going forward. Regardless, this lowered tariff on China will reduce the competitive disadvantage of Chinese goods vs ASEAN peers.\u201d The Association of Southeast Asian Nations (ASEAN) consists of 11 regional economies, many of which are also export-oriented, like China\u2019s economy.<\/p>\n<p>Trump, who described his meeting with Xi as \u201camazing\u201d, said China had also agreed to buy \u201ctremendous amounts\u201d of soya beans and other agricultural products.<\/p>\n<\/div>\n<p><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US president says rare earths issue settled after \u2018amazing\u2019 meeting with Chinese counterpart. Published On 30 Oct 202530 Oct 2025 Click here to share on social media share2 Share Gyeongju, South Korea \u2013 United States President Donald Trump has announced an agreement with China to lower some US tariffs and avert Chinese export controls on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":544,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific"],"_links":{"self":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=543"}],"version-history":[{"count":0,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/543\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/media\/544"}],"wp:attachment":[{"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}