economy
White House touts deals on soybeans and rare earths after Trump-Xi summit, while China talks up tariff cuts
The meeting between U.S. President Donald Trump and Chinese President Xi Jinping last week yielded new pacts, though the sides have provided differing details.
TL;DR
- China agrees to buy U.S. soybeans and address rare earth shortages.
- White House claims China will buy at least $17 billion of U.S. agricultural goods annually through 2028.
- China will allow sales of U.S. beef and poultry.
- Both countries will establish boards of trade and investment.
- China indicated plans to reduce tariffs, but the U.S. did not mention duties.
- China plans to buy 200 Boeing airplanes.