Trump-Xi Agreement Impacts Trade War Dynamics

Following intense negotiations, President Donald Trump and Chinese President Xi Jinping announced a landmark agreement in Busan, South Korea. The deal aims to de-escalate tensions between the two largest economies through strategic trade policies. The agreement includes significant provisions such as the reduction of U.S. tariffs and a temporary pause on Beijing’s rare earth mineral export restrictions. This move marks a pivotal moment in the ongoing trade war. One key aspect of the agreement is the U.S. decision to halve the tariff on Chinese goods related to fentanyl precursor chemicals from 20% to 10%. This adjustment aligns with the broader…