President Donald Trump and President Xi Jinping made a one-year trade deal that, for now, averts the escalating tension between the two economic superpowers. The president told 60 Minutes that in exchange for lower tariffs, China agreed to sell the U.S. its valuable rare earth minerals and to resume buying American agricultural products. “We're doing very well against China. And all of a sudden they said, ‘You know, we have to fight back.’ And so they used their powers,” says President Trump. “The power they have is rare earth because of the fact that they've been accumulating it.” #china #donaldtrump #xijingping #tradedeal #worldnews