https:\/\/www.wsj.com\/world\/china\/trump-meets-xi-for-high-stakes-u-s-china-summit-a9c7738f?mod=djemalertNEWS<\/a><\/p>\n\n\n\nBUSAN, South Korea\u2014President Trump and Chinese leader Xi Jinping emerged from their first face-to-face meeting in six years with a temporary truce in the bruising trade fight between the two superpowers.<\/p>\n\n\n\n
Their agreement lowers immediate tensions between the U.S. and China, which have been locked for months in a bitter struggle over trade and technology that has hurt both their economies.<\/p>\n\n\n\n
The agreement includes a reduction in stiff U.S. tariffs on Chinese goods in exchange for a pledge by China to crack down on the trade in the chemicals used to produce fentanyl.<\/p>\n\n\n\n
China also promised to ease the exports of rare earths\u2014minerals that Western manufacturers rely on to make a range of goods. And Beijing promised to buy \u201ctremendous amounts\u201d of American soybeans, said Trump.<\/p>\n\n\n\n
While the detente provides relief to both sides, it does little to address the fundamental divergence between two superpowers whose economies are decoupling in many sectors and who are racing for supremacy in areas such as artificial intelligence. <\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
if it’s true it means they’ll be shooting a number of people in the back of the head since that’s the standard in China. Trump Meets With Xi, Declares Immediate Cut to Tariffs U.S.-China summit offers relief to both sides while high-stakes rivalry carries on https:\/\/www.wsj.com\/world\/china\/trump-meets-xi-for-high-stakes-u-s-china-summit-a9c7738f?mod=djemalertNEWS BUSAN, South Korea\u2014President Trump and Chinese leader Xi Jinping […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-14643","post","type-post","status-publish","format-standard","hentry","category-investing-and-business"],"_links":{"self":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts\/14643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14643"}],"version-history":[{"count":1,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts\/14643\/revisions"}],"predecessor-version":[{"id":14644,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts\/14643\/revisions\/14644"}],"wp:attachment":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}