The conclusion of trade negotiations between U.S. President Donald Trump and Chinese President Xi Jinping marked a pivotal moment in their ongoing trade dispute. Xi Jinping emerged with a stronger position, having utilized strategic economic leverage by withholding key exports such as soybeans and rare earth minerals. This move not only provided respite from U.S. tariffs but also delayed the enforcement of export controls, with China making minimal concessions in return. The discussions, taking place amid heightened tensions, saw Xi Jinping urging Trump to avoid a ‘vicious cycle of mutual retaliation.’