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.

Washington and Beijing haven’t addressed their underlying conflicts, and commerce is going to be rocky for years to come.

President Trump and Chinese President Xi Jinping’s trade truce avoids an open rupture in US China trade relations but analysts say it’s more of a de-escalation than progress.

U.S. Treasury Secretary Scott Bessent said on Thursday that China has agreed to buy 12 million metric tons of American soybeans during the current season through January, down from 22.5 million tons in the prior season after a months-long tariff battle halted all purchases of the current U.

"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.

Asian shares have retreated after President Donald Trump's meeting with Chinese leader Xi Jinping. Trump said the meeting was “amazing” and had resolved many issues.

Goldman Sachs CEO David Solomon calls past 50 years of China trade policy 'a mistake' as Trump and Xi Jinping hold crucial talks amid escalating tariff tensions.