Donald Trump and Xi Jinping have reached 'approaches on many very important points' at a meeting in Busan, South Korea.
Both countries are seeking a truce in their trade war.
China pledges to step up its fight against fentanyl trafficking, and Trump reduces his tariff from 20% to 10% in response.
China agrees to lift its export restrictions on rare earths to the U.S.
China is willing to buy soybeans from the U.S. instead of Brazil and Argentina.
Both sides agree to remove sanctions imposed on the shipbuilding industry and sea transport.
The leaders also agree to work towards an energy agreement and discuss security concerns related to TikTok and the sale of cutting-edge chips.
Conclusion: Whilst these agreements are crucial for political and economic stability, they are just the first step, and there's a host of delicate issues still pending. Both leaders have expressed a willingness to improve relations and assume their responsibility as global powers.