Overview
- The leaders met face to face for the first time in six years and declared progress but produced no joint statement detailing terms.
- Reporting from the talks points to a rollback of some U.S. tariffs on Chinese goods from 20% to 10% and a one-year extension of a pause on threatened increases.
- Beijing is said to ease rare-earth export curbs with quotas to be renegotiated annually and to resume sizable purchases of U.S. soy.
- Both sides agreed to lift or pause certain maritime and shipbuilding sanctions, lay groundwork for energy supply arrangements, intensify TikTok security talks, and explore reauthorizing advanced chip sales to China.
- Experts call the pact limited and precarious, highlighting unresolved disputes over technology and security, China’s export resilience, and a Chinese pledge to curb fentanyl precursors that lacks specific enforcement details.