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Benzinga
Benzinga
Business
Bibhu Pattnaik

US and China To Pause 100 Percent Tariffs and Rare Earth Export Controls

Donald Trump Xi Jinping

In a major breakthrough, top economic officials from the U.S. and China have drafted a trade deal, which is expected to be finalized by President Donald Trump and Chinese President Xi Jinping.

The agreement is set to halt the escalation of 100 percent tariffs and Chinese rare earths export controls, and resume U.S. soybean sales to China.

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