Trump’s China deal eases U.S. rare earths plight for now
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China, Hegseth and Southeast Asia
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President Donald Trump said he is reducing some tariffs on Chinese imports following a meeting in South Korea with Chinese President Xi Jinping.
Trump announced a cut on Chinese imports after meeting with Xi in South Korea, citing new understandings on fentanyl enforcement, farm trade and rare-earth exports.
The US president says: "On the scale from zero to 10, with 10 being the best, I would say the meeting was a 12." Beijing says the results were "hard won".
Leaders of Pacific countries and territories, including China’s Xi Jinping, are gathering in South Korea for a major summit Friday. But the leader of one global powerhouse is conspicuously absent: Donald Trump.
"China, which takes more than 60% of world soybean imports, has nearly completed booking cargoes from Brazil and Argentina through November, with limited purchases expected for December and January ahead of the Brazilian harvest.
President Donald Trump and Xi Jinping agree on soybean purchases after China shifted purchases to Brazil, a move that hurt American farmers.
"We're going to have a vey successful meeting, I have no doubt," President Trump said while shaking hands with China's Xi Jinping. "But he's a very tough negotiator. That's not good."
China Vanke, a state-backed property developer battling liquidity stress, said on Sunday its largest shareholder, Shenzhen Metro Group, agreed to provide loans of up to 22 billion yuan ($3.09 billion),
China’s promise to delay its newest restrictions on the export of the rare earths that are crucial to many high-tech products for one year as part of a trade agreement creates an opportunity for the U.
President Lai Ching-te rejected Beijing’s latest push to get the self-governing island to come under Chinese control under a system of autonomy it uses for Hong Kong and Macau.
Defense secretary praises U.S.-China relations but says better communications needed to “deconflict and deescalate any problems that arise.”