US President Donald Trump on Thursday said he and his Chinese counterpart Xi Jinping have agreed for a one-year deal on the supply of crucial rare earths.
Trump said he has also agreed to reduce fentanyl-related tariffs on China to 10 percent, as the two leaders met in person after six years, amid ongoing trade tensions.
“All the rare earths has been settled, and that’s for the world,” Trump told reporters aboard Air Force One, adding that the deal was for a year and would be re-negotiated annually.
In a dramatic shift, U.S. President Donald Trump has announced a 10% cut in tariffs on Chinese goods following what he called an “amazing meeting” with Chinese President Xi Jinping. Trump described Xi as a “great partner” and confirmed plans to visit China in April, signalling a thaw in once-fraught relations. The two leaders also declared an end to the rare earths dispute but notably skirted the issue of Taiwan.
About The Author
