US EditionTrump and Xi land in Busan for highly anticipated meeting over trade and tariffs
Trump and Xi reached a preliminary consensus to reduce tariffs from 57% to 47% and discussed easing export controls on rare earth minerals, officials said.
- On Oct. 30, 2025, U.S. President Donald Trump met Chinese President Xi Jinping in Busan, South Korea, on the sidelines of the Asia-Pacific Economic Cooperation summit at 11am local time, seeking a fragile trade truce.
- China's tightened export rules and U.S. tariff threats, including a 100% import tax, prompted the trade war's resurgence this month, driven by rare-earth mineral disputes.
- The leaders met for just over 100 minutes, including a handshake and brief private exchange, while Xi read prepared remarks emphasizing willingness to work together despite differences.
- Investors welcomed the outcome as the U.S. stock market climbed on hopes for a trade framework, while officials reported an extended truce on steeper tariff increases and fentanyl precursor controls.
- With a November 10 deadline looming, Scott Bessent, U.S. Treasury Secretary, said Beijing agreed to delay rare-earth controls for a year and revive purchases of U.S. soybeans.
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427 Articles
How Xi Jinping punched back against Donald Trump
Ahead of meeting with China’s leader Xi Jinping in South Korea yesterday (30 October), Donald Trump was confidently predicting a major deal. “We’ll make a deal on, I think, everything,” Trump told reporters at the White House last week. “I think we’re going to make a deal on maybe even nuclear,” he said. But it didn’t work out quite like that. After 90 minutes of talks at a South Korean air force base in Busan, Trump inevitably pronounced the me…
In Depth: Busan Summit Sets Course for New U.S.-China Equilibrium
In Depth: Busan Summit Sets Course for New U.S.-China Equilibrium - In their first meeting in six years, Xi and Trump forge a one-year truce on tariffs and export controls, steering the world’s two largest economies toward a pragmatic “G2” equilibrium while long-term tech and trade rivalries persist.
Trump Secures Fentanyl Crackdown, Tariff Cuts, and Rare Earth Deal with China
For years, China has waged an undeclared war against America through economic manipulation and the deliberate poisoning of our communities with fentanyl. While previous administrations... The post Trump Secures Fentanyl Crackdown, Tariff Cuts, and Rare Earth Deal with China appeared first on Patriot Journal.
Trump and Xi meet face-to-face for first time since 2019 trade war. Hours after, Trump reveals the deal no one saw coming
President Donald Trump and Chinese President Xi Jinping finally sat down together on Thursday after six years apart. The two leaders met at a military air base in Busan, South Korea, and talked for almost two hours about fixing the ongoing trade problems between their countries. The meeting happened while other world leaders gathered nearby for an economic summit in Gyeongju. Trump told reporters afterward that the conversation went really well …
Behind the Handshake: The Real Deal on US-China Trade
U. S. President Donald Trump and Chinese President Xi Jinping agreed to reduce tensions in their trade war by modifying some tariffs and export controls. The deal, reached during a meeting in Busan, South Korea, allows for a pause in China’s new restrictions on rare earth minerals and magnets, while China will resume buying American […] The post Behind the Handshake: The Real Deal on US-China Trade appeared first on Modern Diplomacy.
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