Donald Trump and Xi Jinping reached an agreement to reduce U.S. tariffs on Chinese goods from 57% to 47% in exchange for China curbing fentanyl exports and resuming U.S. soybean purchases during a meeting in South Korea. Australian Prime Minister Anthony Albanese supported free trade but refrained from commenting on Trump’s trade remarks, emphasizing Australia’s commitment to its AUKUS agreements despite concerns over potential shifts in U.S. resources toward South Korea’s nuclear capabilities.
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