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What did Trump, Xi agree to on tariffs, export controls and fentanyl?

Oct 30, 2025

WASHINGTON – U.S. President Donald Trump and Chinese President Xi Jinping on Thursday took steps to de-escalate their trade war, swapping some U.S. tariff reductions and tighter export controls for a pause in Beijing’s new restrictions on rare earth minerals and magnets and a resumption of its purchases of American soybeans.

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