Donald Trump and Xi Jinping agreed on Thursday to ease the trade war between China and the United States that roiled global markets, with Washington cutting some tariffs and Beijing committing to keep supplies of critical rare earths flowing.

Trump hailed his first meeting with Xi in six years as a “great success”, while the Chinese leader said the two reached an “important consensus” towards solving an economic dispute that threw international supply chains into chaos.

“I thought it was an amazing meeting,” Trump said after the talks in Busan, South Korea, praising Xi as a “tremendous leader of a very powerful country” and saying he would visit China in April.

Trump added that the deal included China immediately buying “tremendous amounts of soybeans and other farm products”, a key iss

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