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Shares of U.S.-listed rare earth miners rallied on Thursday after China agreed to delay the introduction of export controls.
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President Trump said he and Chinese leader Xi Jinping "agreed to almost everything" in their nearly two-hour meeting in South Korea, which Trump said was "friendly."
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Trump said he will be going to China in April, followed by a trip by Xi to the U.S. without specifying a timeline.
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By withholding soybean purchases and rare-earth exports, China extracted relief from U.S. tariffs and delayed export controls, without conceding much in return.
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The high-stakes meeting comes as tensions between the world's two largest economies have escalated this year.
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President Donald Trump and Chinese President Xi Jinping met for their first face-to-face talks in six years in South Korea.
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