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White House touts deals on soybeans and rare earths after Trump-Xi summit, while China talks up tariff cuts

CNBC · May 18, 2026, 2:11 AM · Also reported by 4 other sources

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  • BEIJING — China has agreed to buy U.S. soybeans and address American access to rare earths, the White House said Sunday, touting some of the most tangible outcomes so far from a high-profile bilateral summit last week.
  • President Donald Trump on Friday concluded two days of meetings in Beijing with Chinese President Xi Jinping.

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BEIJING — China has agreed to buy U.S. soybeans and address American access to rare earths, the White House said Sunday, touting some of the most tangible outcomes so far from a high-profile bilateral summit last week.

U.S. President Donald Trump on Friday concluded two days of meetings in Beijing with Chinese President Xi Jinping. The two leaders have also agreed to meet in the U.S. in September.

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