GoKawiilUS-China trade truce shows uneven progress on soybeans, planes, rare earths
Ahead of a Washington summit between Trump and Xi, analysts say the trade truce reached in May is being fulfilled unevenly across its three main commitments: China's soybean purchases, its pledge to buy 200 Boeing jets, and the resumption of rare earth magnet exports after a 12-month suspension of export controls. Delivery on some commitments remains difficult to verify, according to analysts tracking the deal.
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Analysts including Eric Xiao of CMC Markets suggest the truce is advancing fastest on commitments that cost the least, implying neither side is willing to give up genuine strategic leverage. Larry Hu of Macquarie frames the relationship as a 'balance of vulnerability' rather than genuine cooperation, while Wendy Cutler of the Asia Society Policy Institute argues the arrangement reflects mutual interest in stability rather than any deeper reconciliation.
- Soybean, Boeing, and rare earth commitments are progressing at different speeds under the US-China truce.
- Analysts say fulfillment is fastest where compliance carries the lowest strategic cost.
- Experts describe the current state as détente, not rapprochement, ahead of the Trump-Xi summit.
Source: cnbc.com — Matthew Tan, 2026-09-23
Published there as: “Soybeans, planes and rare earths: What they say about fragile U.S.-China trade truce”
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