Donald Trump and Xi Jinping have agreed to postpone recent sweeping export controls on rare earths and semiconductors as part of a broad one-year trade deal that the US and Chinese leaders reached at a summit in South Korea.
The two sides said they had also reached agreements on tariffs related to fentanyl and tit-for-tat levies on each other’s shipping industries, as both leaders sought to defuse recent tensions in their first in-person meeting in six years.
“It was an amazing meeting,” the US president told reporters aboard Air Force One as he flew back to Washington on Thursday. “On a scale of 0-10, with 10 being the best, the meeting was a 12.”
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