The White House released a fact sheet late Saturday with more details about the trade agreement ironed out between President Trump and China’s President Xi Jinping in South Korea last week,
China will suspend additional export controls on rare earth metals and end investigations into US chip companies, according to the new release. The US will pause some of Trump’s “reciprocal tariffs” on China for another year and will halt plans to slap a 100% tariff on Chinese exports to the US that was set to take effect this month.
The agreement struck between Trump and Xi came after months of chaos and confusion, putting on ice a trade war between the world’s two largest economies.
Here are some other key details we know about the thaw:
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