The White House on Saturday released details about the agreement that U.S. President Donald Trump reached this week with Chinese President Xi Jinping to de-escalate their countries’ trade war, including U.S. tariff reductions and a pause in Beijing’s new restrictions on rare earth minerals and magnets. The deal, which also includes resumption of Chinese purchases of American soybeans , averts Trump’s threatened 100% tariff on Chinese goods and extends a delicate trade truce between the world’s two largest economies for about a year. Here are some of the key elements of the Trump-Xi agreement that was reached in Busan, South Korea on Thursday:

Tariff reduction on fentanyl-related Chinese goods

The U.S. will halve the 20% tariff on Chinese goods related to supplies of fentanyl opioid

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