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President Trump and China’s leader Xi Jinping just had a highly anticipated meeting in South Korea. David Pierson, a New York Times foreign correspondent covering China, breaks down what they accomplished and how they de-escalated a major trade war.
David Pierson, Christina Thornell, Nikolay Nikolov and Chang W. Lee
Some analysts say Beijing won a major victory in its trade talks: Getting the U.S. to withdraw a national security measure that previously was not under discussion.
The two leaders reached an agreement on fentanyl, some tariffs and rare earths, at least for a year. But even as the global trade picture cleared a little, Mr. Trump spurred new worries about nuclear proliferation.
The menus on the president’s tour of three countries in Asia reflected the culinary acrobatics the host nations performed to accommodate his palate and foreign policy goals.
By withholding soybean purchases and rare-earth exports, China extracted relief from U.S. tariffs and delayed export controls, without conceding much in return.