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The Debate - A Truce on Whose Terms? Trump Hails Pause in Trade War with China

The agreement includes tariff reductions from about 55% to 45% on many Chinese goods and a pause on rare earth metal export restrictions, easing tensions between the U.S. and China.

  • On Thursday, President Donald Trump met Chinese President Xi Jinping at an airport in Busan for about 90 minutes and agreed to a one-year truce rolling back many tariffs, including immediate cuts to around 45% from about 55%.
  • September 2025, tensions increased after China’s rare earth restrictions and the Commerce Department expanded regulations starting Sept. 29, with Trump threatening a 100% tariff.
  • Regarding agriculture, China agreed to resume large purchases of American soybeans, with China saying it will buy 12 million tons from now to January and 25 million annually, according to Chinese officials.
  • As an immediate outcome, both sides stood down from new punitive measures for a year, with China suspending rare earth supply measures and the U.S. postponing fees on Chinese-built ships while China agreed to stand down on retaliatory fees.
  • Looking ahead, follow-up talks are planned while key tech and platform issues remain to be finalized, with Trump and Xi agreeing to meet again next year and Trump’s planned April visit to China.
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One day after US President Donald Trump returned to Washington after sealing a one-year trade truce with his Chinese counterpart, Xi Jinping, the summit of the Asia-Pacific Economic Cooperation Forum (APEC), which brought together both leaders in South Korea, has been partially decaf. In the absence of the US tycoon, the vacuum has been filled by the Chinese president. And on the inaugural day of the summit, this Friday, Xi has turned his openin…

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Business Insider (Poland) broke the news in on Thursday, October 30, 2025.
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