In a surprise move, US President Donald Trump and Chinese leader Xi Jinping have agreed to put the brakes on punitive tariffs imposed by Trump last year. The fragile truce marks a temporary reprieve for businesses caught in the crossfire of the ongoing trade war between the two superpowers.
The issues that dominated discussions during their face-to-face talks in South Korea centered around China's tight grip on rare earth metals, which are essential for manufacturing critical components like smartphones and electric vehicles. Trump had previously threatened to impose 100% tariffs on Chinese imports as retaliation against Xi's control over these vital materials. However, in a stunning reversal, Beijing agreed to hold off on implementing new measures – including those targeting NVIDIA, a leading US tech firm.
According to reports, China will pause the new tariffs for at least a year, while Trump is required to lower Chinese tariffs by 10%. The temporary truce appears to be a result of negotiations between the two leaders, with Trump reportedly discussing semiconductors during their talks. Notably, Beijing signaled its openness to allowing NVIDIA to sell AI chips in China, reversing an earlier decision that had prevented the company from doing business there.
However, other contentious issues remain unresolved, including the future of TikTok in the US. The Trump administration claims to be close to a deal that would see the US gain majority ownership of the Chinese-owned social media platform, but no agreement has been finalized.
The issues that dominated discussions during their face-to-face talks in South Korea centered around China's tight grip on rare earth metals, which are essential for manufacturing critical components like smartphones and electric vehicles. Trump had previously threatened to impose 100% tariffs on Chinese imports as retaliation against Xi's control over these vital materials. However, in a stunning reversal, Beijing agreed to hold off on implementing new measures – including those targeting NVIDIA, a leading US tech firm.
According to reports, China will pause the new tariffs for at least a year, while Trump is required to lower Chinese tariffs by 10%. The temporary truce appears to be a result of negotiations between the two leaders, with Trump reportedly discussing semiconductors during their talks. Notably, Beijing signaled its openness to allowing NVIDIA to sell AI chips in China, reversing an earlier decision that had prevented the company from doing business there.
However, other contentious issues remain unresolved, including the future of TikTok in the US. The Trump administration claims to be close to a deal that would see the US gain majority ownership of the Chinese-owned social media platform, but no agreement has been finalized.
I mean, one day it's all about tariffs and the next, you gotta pinch yourself thinking Trump and Xi are actually chillin' 
. Rare earth metals have always been a wild card in these negotiations, but holding off on new measures for at least a year is a big win for China (and NVIDIA, lol). Can't help but wonder how semiconductors played into the talks, maybe those aren't as complicated as they seem? 
Still, the future of TikTok remains super murky... if Trump's admin really does get majority ownership, it'll be interesting to see how that shakes out. 
This is kinda huge news! So like, China and the US are basically agreeing to call a truce on their trade war and it's amazing because who knows how long this stuff would've dragged on? The fact that they agreed to pause new tariffs for at least a year is super positive for businesses that got caught in the crossfire. It's cool that Trump was talking about semiconductors with Xi during their talks, maybe that's what helped them come to an agreement. But omg can we talk about TikTok though? Like, I know the US gov't thinks they should get majority ownership but it seems kinda fishy to me 
The sweetness of the pineapple balances out the saltiness of the prosciutto. Anyway, back to the trade war thingy... it's nice that China is willing to give in a bit on the rare earth metals front. We should really focus on investing in renewable energy sources instead, you know? 
It'd be so much better for the environment and all that jazz!
. And what about TikTok? That's still super uncertain. Can we get some clarity on that pls? The fact that Trump is demanding majority ownership of the app feels like a major overreach to me 
I'm curious to see how this plays out with TikTok though... Trump wants majority ownership of that thing? That sounds like some major corporate bullying to me. Can't say I'm stoked about the future of US-China relations or tech policy just yet...
It's all because of those rare earth metals though - I mean, who knew they were so important for making our phones and electric cars work? 
Trump was really threatening to impose 100% tariffs on Chinese imports, which would've been super bad news for businesses... but in the end, China agreed to hold off on new measures and even gave NVIDIA a green light to sell their AI chips there! 
It's like, progress or something? 
. gotta think, 100% tariffs were getting pretty ridiculous anyway 
. hope they can actually make some progress on those other issues like tiktok 
. anyways, at least for now, it's a reprieve for businesses caught in the crossfire 
But at the same time, this just feels like a temporary reprieve... what's gonna happen next? Are they actually gonna figure out some way to make this trade war thing work? 
I know Trump likes to make big threats, but sometimes it takes a human face-to-face with someone to calm things down. And nice move by China on NVIDIA – that's a major win for US tech! 
But what about TikTok? Still stuck in limbo... will we ever get a resolution on this one? 
Can you even believe this?!?! The world is literally one big happy place right now! 
I'm so down for this trade war truce between the US and China - it's like a weight has been lifted off everyone's shoulders! 
Those rare earth metals were already stressing me out, can you imagine if we didn't have access to them?! 
But now we've got a reprieve and I'm all about it! 
xi and trump had some serious talks in south korea and now they're agreeing on a temporary truce 
it's not all good news tho, china is still holding out on some major issues like their grip on rare earth metals 
but hey, at least we won't have to deal with 100% tariffs for now 
also, nvidia might finally be able to sell those ai chips in china 
still gotta wait and see what happens with tiktok tho, that's a whole other can of worms 
. Rare earth metals are literally the backbone of our modern tech, so it's insane that both sides were willing to back down over them. But, tbh, it's also kinda concerning that some issues like TikTok still haven't been resolved 
So Trump and Xi finally agreed on something and it's all good for now 
. I mean, 100% tariffs would've been a total disaster for the economy 
. China pausing new measures is a big win for NVIDIA too 
. Can't wait to see how this all plays out 
but seriously, it's crazy that trump had to back down on those tariffs. i feel bad for nvidia though, they were right in the middle of this. and omg what about tiktok tho? the truce is just delaying the inevitable