Overview
- Trump said U.S. tariffs on Chinese goods will drop by roughly 10 percentage points to about 47%, including a cut of fentanyl‑related tariffs from 20% to 10%.
- China’s Commerce Ministry announced a one‑year suspension of recently tightened export controls on rare earths, easing pressure on tech and defense supply chains.
- The leaders said they will work together on the war in Ukraine, while China will resume purchases of U.S. farm goods such as soy, according to Trump.
- Both sides framed the outcome as a preliminary consensus to be formalized by economic teams, with arrangements set to renew annually; Trump plans an April visit to China and Xi is to visit the U.S. later.
- Hours before the meeting, Trump called for a resumption of U.S. nuclear testing, drawing a Chinese warning to honor test‑ban commitments and injecting uncertainty into follow‑up diplomacy.