After months of escalating trade tensions, the United States and China have reached a deal that restores much of the previous status quo. President Xi Jinping of China secured key concessions from President Donald Trump, including reduced tariffs and a delay in export controls, largely by leveraging China's dominance in rare earth minerals and its purchasing power for American soybeans. While Trump touted the agreement as a win for American farmers and businesses, analysts suggest that Xi gave up little and allowed Trump to claim victory for domestic audiences. The outcome highlights China's ability to shape negotiations and signals a temporary easing of tensions, though underlying issues remain unresolved.