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Trump met with Chinese leader Xi Jinping in South Korea and announced tariff reductions, cutting the combined rate from 57% to 47%.

China pledged to purchase 25 million metric tons of U.S. soybeans annually and allow exports of rare earth minerals vital to high-tech manufacturing.

Despite Trump’s optimistic 12-out-of-10 assessment, analysts caution that the tentative deal masks deeper economic rivalry between the world’s largest economies.

ABOARD AIR FORCE ONE — President Trump described his face-to-face with Chinese leader Xi Jinping on Thursday as a roaring success, saying he would cut tariffs on China, while Beijing had agreed to allow the export of rare earth elements and st

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