Global economy set to benefit as China, US ease trade conflict

Discrepancies over rare earths, soybeans highlight lingering risks

Many of the measures agreed to by U.S. President Donald Trump and Chinese counterpart Xi Jinping at their October summit took effect Nov. 10. © Reuters

RYOHEI YASOSHIMA and KENTARO SHIOZAKI

November 11, 2025 01:47 JST

WASHINGTON/BEIJING -- The U.S. and China lowered tariffs on each other Monday, implementing measures their leaders agreed on during late October, though various discrepancies could rekindle tensions down the road.