U.S. and China agree on one-year tariff truce, including semiconductor and rare earth breakthroughs — the future of Nvidia AI chip sales to the nation remains murky

In momentous news for the global trade war and the global semiconductor industry, President Trump and China’s Xi Jinping have reportedly agreed on a one-year tariff truce that could pave the way for a lasting easing of tensions between the two nations. As reported by the New York Times, the pair met at an airport in the South Korean city of Busan, which finally brought some clarity and de-escalation to the ongoing trade war between the two superpowers.

According to the report, the two have reached ” a…