US President Donald Trump announced a trade and economic deal with China on Saturday night — with both sides agreeing to suspend retaliatory measures taken over the past six months. A White House press note also confirmed that Beijing would eliminate export controls on rare earth elements and open its markets to US agricultural exports.
According to the fact sheet released by the US government, China has agreed to suspend all retaliatory tariffs announced since March 4. This included levies against a wide range of US agricultural products such as chicken, wheat, corn, cotton, sorghum, soybeans, pork, beef, dairy and more. Beijing also agreed to suspend or remove non-tariff countermeasures taken against America since March 4 — including the listing of certain companies on its end-user and unreliable entity lists.
“My G2 meeting with President Xi of China was a great one for both of our countries. This meeting will lead to everlasting peace and success. God bless both China and the USA!” the POTUS had written on Truth Social ahead of the announcement.
US, China discuss direct military channels
, Hegseth saysNov 1 (Reuters) – The U.S. and China have agreed that the two countries should set up military-to-military channels to reduce conflict and deescalate any problems that arise in the future,
US Defense Secretary Peter Hegseth revealed on Saturday that the two countries have also agreed to set up military-to-military channels to reduce conflict and de-escalate any problems that arise in the future.
“I had an equally positive meeting with my counterpart, China’s Minister of National Defense Admiral Dong Jun in Malaysia,” Hegseth said in a post on X.