Uncertainty Lingers After Trump-Xi Talks: Economies Await True Revival Amid Lingering Trade Tensions

Following a recent meeting in South Korea, US President Donald Trump and Chinese President Xi Jinping managed to momentarily defuse the heated trade conflict between their nations. A preliminary agreement was reached, with the US agreeing to reduce tariffs on Chinese goods by 10%, cutting the rate to 47%, while China would halt its restrictions on rare earth minerals exports and escalate acquisitions of American soybeans. The discussions were lauded by Trump as “a great success.” He hinted at an upcoming visit to China in April next year, with Xi likely reciprocating the gestures with a trip to the US…