U.S.-China Trade Truce: Soybean Deal & Rare Earth Talks

A significant soybean deal and upcoming rare earth talks signal a thaw in U.S.-China trade tensions, bringing relief to farmers and tech companies.

, and Administrator

2025 November 2 . 5:06 PM

1 min read

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U.S.-China Trade Truce: Soybean Deal & Rare Earth Talks

U.S.-China trade relations have taken a positive turn, with both nations agreeing to a truce at the recent APEC summit in Busan. This comes as China plans a significant purchase of U.S. soybeans and high-level talks are set to take place in Brussels regarding rare earth exports.

During the bilateral meeting between U.S. President Donald Trump and Chinese President Xi Jinping, the leaders agreed to pause tariff hikes and ease restrictions on rare earth exports. This move has been welcomed by the Korean chip sector, which has been affected by the previous trade tensions.

Prior to the APEC summit, President Trump praised Japan's leadership during his visit, signing a deal related to rare earths. Meanwhile, China has announced plans to buy 13 million tons of U.S. soybeans this season, a significant boost for American farmers. High-level Chinese officials are set to visit Brussels to discuss the curbs on rare earth exports, indicating a willingness to engage in constructive dialogue.

The truce in the U.S.-China trade war is expected to have positive implications for various industries, including agriculture and technology. With both nations agreeing to ease restrictions and engage 'google earth' further discussions, the prospects for improved trade relations appear promising.