US EditionTrump says tariffs will be cut after 'amazing' meeting with Xi Jinping
Trump and Xi agreed on tariff reductions, a one-year pause on rare earth export limits, and increased Chinese purchases of 25 million metric tons of U.S. soybeans annually through 2028.
- On Oct. 30, 2025, President Donald Trump met Chinese President Xi Jinping at a South Korean air base in Busan for a one-hour-40-minute session on trade, rare earths, soybeans, and peace paths in Ukraine.
- Beijing's export-control push and U.S. tariff threats brought both sides back to the table as economic tensions ramped up this month after Beijing proposed expanding rare-earth export controls.
- President Donald Trump said U.S. tariffs on China will be lowered to 47% from 57%, and Beijing will buy 12 million metric tons of U.S. soybeans, with China also agreeing to halve the 20% fentanyl tariff to 10%.
- Markets responded positively, lifting the yuan and global equities, while President Donald Trump described the arrangement as a one-year agreement that can be extended; previous trade deals expire on November 10.
- Analysts warned the concessions look tactical, meant to buy time rather than resolve rivalry, as experts caution the one-year truce could still fall apart and the rare-earth supply chain needs diversification.
604 Articles
604 Articles
Trump to reduce tariffs on Chinese imports
A trade agreement between President Donald Trump and Chinese President Xi Jinping includes a reduction of tariffs on Chinese imports. The US will cut tariffs by 10% in exchange for China taking “strong action” on chemicals used in the manufacture of fentanyl, according to a report by The Wall Street Journal (WSJ). The 10% cut in tariffs will make tariffs on Chinese imports 47%. “The move signals a slight de-escalation in the trade conflict and…
China Forces U.S. to Partially Retreat in Trade War
King Don says hos meeting with Chinese President Xi Jinping was “amazing“. The only thing amazing about Thursday’s meeting is that anyone would characterize a retreat to the status quo ante September as a “roaring success”. The United States and China are rolling back some but not all of this year’s tariffs. China has put off further clamping down on rare-earth exports for a year, but China appears to be keeping in place restrictions on rare-ear…
The Trump-Xi Meeting Was a Win for China
A critic of the returning Lord Macartney delegation from Britain to China in 1793 aptly noted that they had been treated with ceremony, entertained royally, and flattered in excess by Qianlong Emperor—and yet returned empty handed. This must rank as one of the earliest examples of the travails of seeking to do business with China. [time-brightcove not-tgx=”true”] On Thursday, President Donald Trump did not quite return empty-handed following a …
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