Trump Cuts China Tariffs Over Rare Earths, Soybeans

President Donald Trump’s meeting with Chinese Communist Party leader Xi Jinping appeared to have pulled back from the edge of another full-blown trade war. Trump says they agreed to trim tariffs on Chinese goods, down from 57 to 47 percent, in exchange for Beijing’s cooperation on fentanyl enforcement, resuming U.S. soybean purchases, and delaying rare earth export restrictions.

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