Trump to cut 10% tariffs on China after meeting Xi

While a formal trade pact is yet to emerge, China has agreed to allow export of rare earth elements and start buying American soybeans

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US Prez Trump, left, and Chinese Prez Xi after US-China summit talk in Busan, South Korea. AP/PTI

(AP PTI)

President Donald 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 start buying American soybeans.