The U.S.-China trade truce is showing uneven progress on three major commitments ahead of President Donald Trump’s meeting with Chinese President Xi Jinping, according to CNBC and Reuters.
China has made the most visible progress on soybeans, purchasing nearly half of a pledged 25 million tons. Reuters reported that Chinese buyers purchased about one million tons in a single week in September. Analysts, however, say purchases can also reflect China’s domestic demand rather than broader trade cooperation.
Rare earth shipments have resumed, but uncertainty remains. Financial Times data showed U.S.-bound rare earth magnet shipments fell 20% in August from July. Reuters reported some American buyers still face lengthy licensing delays.
Analysts cited by CNBC said both countries remain focused on protecting strategic leverage, making the truce more a period of détente than a broader rapprochement.
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Soybeans, planes and rare earths: What they say about fragile U.S.-China trade truce https://t.co/Uuu4kqNJ6V
— CNBC Tech (@CNBCtech) September 23, 2026
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