US & China Trade War Stabilizes After Securing One-Year Truce

Key Summary:
- Expect trade development to stabilize over the next one year
- Deals to cover rare earth exports and technology supply-chain
- Average reciprocal US-China tariffs will be substantially lowered
The long-awaited US and China talks have finally concluded at a summit in South Korea this week, where both countries agreed to postpone the recent sweeping export controls, policy restrictions and tariffs for one year.
Top-down view: Although the details are still being finalized, US and China have settled disputes over rare earths & critical minerals and global manufacturing supply-chain, according to the Financial Times.