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<h1>US-China trade: tariffs cut to 47% and China pauses rare-earth export limits for one year amid monetary adjustments.</h1> The US immediately reduced average tariffs on Chinese goods to 47% and China agreed to hold tighter export restrictions on rare earths and related technologies for one year. Monetary responses included a 25-basis-point base-rate cut by the Hong Kong Monetary Authority, linked to the US dollar peg, while the US Federal Reserve had recently cut its main policy rate but signalled uncertainty about further reductions.