US and China Reach One-Year Truce on Rare Earths and Tariffs

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Source: Bloomberg.com
US and China Reach One-Year Truce on Rare Earths and Tariffs
Photo: Bloomberg.com
TL;DR

The US and China have agreed to a one-year delay on expanding trade sanctions and export controls, including halving fentanyl tariffs and resuming soybean imports, as part of a broader détente to ease tensions and work towards future agreements, including TikTok operations.

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