<h1>U.S. and China agree temporary trade de-escalation after talks; tariffs, rare-earth limits set for gradual rollbacks</h1> U.S. and Chinese leaders met in South Korea to seek stabilization after months of escalating trade measures, including U.S. tariffs and Chinese export limits on rare earths. Officials signalled restraint: the U.S. indicated it would not pursue a newly threatened 100% tariff and may reduce certain fentanyl-related duties, while China signalled readiness to ease rare-earth controls and purchase U.S. soybeans. Prior negotiators reported a preliminary framework, calming markets, but core strategic rivalry over manufacturing, AI and geopolitical influence remains unresolved. The encounter produced short-term de-escalation risks of reversal if either side reasserts leverage through tariffs or export restrictions.