wn.com - 12 hours ago

CHRIS MEGERIAN, DIDI TANG and PAUL WISEMAN Associated Press BUSAN, South Korea (AP) — Three-digit tariffs are off the table, but import duties on each other are higher than in January. Rare earth materials will flow more smoothly, but China has put in place an export permitting regime that it can tighten or loosen as needed. Port fees will go away, but only for one year. And Beijing is again buying U.S. soybeans after it had abruptly cut off American farmers. After months of posturing, arguing and threatening, U.S. President Donald Trump and Chinese leader Xi Jinping have essentially turned back the clock. While the meeting between the two leaders was hailed by Trump as a “roaring success,”...

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