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The Independent UK

World

Chris Megerian,Didi Tang and Paul Wiseman

Deal between the US and China is undoing damage from a self-inflicted trade war

Donald Trump Xi Jinping United States China Beijing Earth

South Korea China Trump Asia - (Copyright 2025 The Associated Press. All rights reserved.)

Three-digit tariffs are off the table, but import duties on each other are higher than in January.

Rare earth materials will flow more smoothly, but China has put in place an export permitting regime that it can tighten or loosen as needed.

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