US President Donald Trump announced a significant breakthrough in trade relations with China after what he called ‘amazing’ talks with Chinese President Xi Jinping. During this high-profile meeting, both leaders agreed on a one-year trade deal that aims to ease ongoing economic tensions between the two countries. Trump emphasized that the negotiations were productive and led to the resolution of major sticking points, including the critical issue of rare earths.
Key Outcomes from the Trump-Xi Trade Talks
The agreement addresses rare earths, a sector crucial for technology and defense industries. Trump praised Xi for his cooperation and highlighted the importance of this deal for both nations’ economies. The rare earths issue had been a major point of contention, potentially threatening global supply chains. Now, with this temporary pact in place, both sides aim to maintain stability and foster mutual economic growth.
Analysts view this deal as a positive step, though they note the limited duration means further negotiations are likely. For now, businesses and markets can expect a period of reduced trade tension between the US and China.
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Aljazeera: Trump says Xi agreed to one-year trade deal after ‘amazing’ talks
