Trump and Xi, Hoping to Ease Trade War, Agree to 1-Year Truce

October 30, 2025

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1 min read

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The New York Times

China agreed to suspend for a year some of its limits on exports of rare earth metals, while the U.S. halved its fentanyl-related tariffs.

After a series of failed attempts to de-escalate an acrimonious trade war, President Trump and China’s leader, Xi Jinping, agreed to a yearlong truce that rolls back many of the contentious tariffs and retaliatory measures that deepened the feud betw... [6506 chars]

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Source: The New York Times

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