Trump-XI Meet | Rare Earth Deal Settled, Tariffs Cut to 47%, Soybean Buys Begin | Breaking News　 #ETNOW

In a crucial statement from his Asia tour, U.S. President Donald Trump confirmed major progress in the long-running U.S.–China trade dispute.
Trump announced that China will resume large-scale soybean imports and reduce fentanyl tariffs to 10%, signaling renewed cooperation.
He also revealed that rare earth disputes have been completely resolved, removing a major supply chain concern.
Talks on AI chips with Nvidia remain ongoing, with Trump clarifying that Blackwell chips won’t be part of the export list yet.
The agreement, valid for one year with plans for renewal, includes provisions on tariff reductions and shipbuilding investments worth $150 billion.
Analysts see this as a major de-escalation moment for global markets, with potential upside for commodities, tech, and agriculture sectors.

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