Story perspectives

Trump and Xi Reach Temporary Trade Truce Amid Tensions

11/6/2025

Summary

Story summary

U.S. President Donald Trump and Xi Jinping, President of the People’s Republic of China, agreed to ease tensions in trade war, with Trump cutting tariffs on Chinese goods by 10%.
China will adjust its export controls on rare earths.
Experts say the underlying economic issues remain unresolved despite the temporary truce.
China’s dominance in rare earths, crucial for high-tech industries, is challenged by the United States’ surplus in rare-earth compounds.

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Story summary

U.S. President Donald Trump and Xi Jinping, President of the People’s Republic of China, agreed to ease tensions in trade war, with Trump cutting tariffs on Chinese goods by 10%.
China will adjust its export controls on rare earths.
Experts say the underlying economic issues remain unresolved despite the temporary truce.
China’s dominance in rare earths, crucial for high-tech industries, is challenged by the United States’ surplus in rare-earth compounds.