Trump-Xi summit yields tariff cut, one-year deal on rare earth minerals

A rare meeting between US President Donald Trump and Chinese leader Xi Jinping in South Korea has brought a 10 percent reduction in US tariffs and a one-year postponement of China’s rare-earth export controls, a limited de-escalation of the two countries’ trade war. Also in this edition: America’s central bank cuts interest rates for the second time this year, amid a lack of economic data due to the ongoing US government shutdown.