Trump says US to cut tariffs on China to 47% after ‘amazing’ meeting with Xi, teases major outcomes ahead

President Trump announced a significant easing of trade tensions with China following a meeting with President Xi Jinping. Tariffs on Chinese goods will be reduced, and China will reportedly make large-scale purchases of American soybeans. Discussions also covered rare earths, fentanyl, and cooperation on Ukraine, with further outcomes expected soon.