The biggest takeaways from the Trump-Xi meeting — what the truce covers and what is still unclear

President Donald Trump and President Xi Jinping reached a commercialized truce during a high-stakes gathering successful South Korea connected Thursday, de-escalating a quality implicit uncommon world elements that had threatened to propulsion the world's 2 largest economies into a full-blown commercialized war.

China has agreed to intermission for 1 twelvemonth the sweeping export controls connected uncommon earths announced connected Oct. 9 that had touched disconnected the dispute.

Trump told reporters aboard Air Force One that the uncommon earths statement is simply a 1 twelvemonth woody that volition beryllium "very routinely extended arsenic clip goes by." The president said helium plans to sojourn China successful April and Xi volition travel to the U.S., either Palm Peach, Florida oregon Washington D.C., astatine a aboriginal date

"We person a deal," Trump said. "Now, each twelvemonth we'll renegotiate the deal, but I deliberation the woody volition spell connected for a agelong time, agelong beyond the year. But all of the uncommon world has been settled, and that's for the world."

Trump said helium chopped tariffs effectual instantly connected China related to fentanyl to 10% from 20% previously. This reduces the wide complaint connected Chinese goods to astir 47%, the president told reporters. Trump had antecedently threatened the slap China with 100% tariffs connected Nov. 1 implicit its uncommon world controls.

The U.S. has besides agreed to postpone a regularisation announced connected Sept. 29 that blacklisted majority-owned subsidiaries of Chinese companies connected an entity list, according to a connection from China's Ministry of Commerce aft the meeting.

Other aspects of the woody are little firm. Trump said helium discussed the export of Nvidia chips with Xi and volition talk with CEO Jensen Huang astir it. But it is up to China and Nvidia to scope a deal, the president said.

"I said that's truly betwixt you and Nvidia, but we're benignant of the arbitrator," Trump said connected Air Force One.

China's Ministry of Commerce said Beijing volition enactment with the U.S. to "resolve issues related to TikTok," though nary further item was provided. Trump did not notation TikTok during his comments to reporters aboard Air Force One oregon successful a Truth Social station astir the truce with China.

Trump said Beijing has agreed to acquisition ample amounts of a soybeans, sorghum and different workplace products though it is unclear however much.

And China whitethorn besides bargain a ample magnitude of lipid and state from Alaska, the president said. But a woody inactive has to beryllium reached. Energy Secretary Chris Wright and Interior Secretary Doug Burgum volition conscionable with Chinese officials to spot if specified an statement tin beryllium worked out, Trump said.