Washington and Beijing agreed to lower duties on several product categories, including rare-earth minerals, reducing average tariff levels from 57 % to 47 %. The decision followed extended diplomatic talks aimed at restoring supply-chain stability. Economists believe the revision could ease input costs for manufacturing sectors worldwide and boost trade volumes across Asia. Market indices in both countries reacted positively to the announcement. Analysts said the development may provide short-term relief to exporters while broader negotiations continue over intellectual-property and technology-transfer rules.