1. The US and China have reached a trade deal in Busan, South Korea. China will pause its strengthening of export controls on rare earths, which are crucial for technology and defense industries.
2. China will also suspend retaliatory tariffs on US agricultural products, including soybeans and corn, and purchase at least 12 million tons of soybeans from the US by year-end and a minimum of 25 million tons annually from 2026 to 2028.
3. The deal is not permanent; many agreed measures on tariffs and rare earths are temporary, and there remains a risk of escalating trade tensions in the future.
2. China will also suspend retaliatory tariffs on US agricultural products, including soybeans and corn, and purchase at least 12 million tons of soybeans from the US by year-end and a minimum of 25 million tons annually from 2026 to 2028.
3. The deal is not permanent; many agreed measures on tariffs and rare earths are temporary, and there remains a risk of escalating trade tensions in the future.
Similar Readings (5 items)
Conversation: US says trade deal with China 'a massive victory'
Summary: China is rolling back rare earth mineral restrictions, White House says
Summary: Trump and Xi set to meet face-to-face in South Korea
US, China reportedly sign deal aimed at easing trade tensions
Conversation: Trump-Xi talks end with temporary truce
Summary
US-China trade deal signed in Busan, Korea: China temporarily halts strengthening export controls on rare earths, essential for tech and defense. Tariffs on US agricultural products, including soybeans and corn, suspended. Minimum purchase of 12M tons soybeans by end of year, and 25M annually from
Statistics
102
Words1
Read CountDetails
ID: 209fd5c9-dcaa-4f92-96fd-885c32ff02dc
Category ID: listed_summary
URL: https://www3.nhk.or.jp/nhkworld/en/news/20251102_09/#summary
Date: Nov. 2, 2025
Notes: 2025-11-02
Created: 2025/11/02 16:40
Updated: 2025/12/07 22:55
Last Read: 2025/11/03 16:32