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.
442 Articles
442 Articles
How China played Trump in a game of 'whack a mole': analysis
Foreign Affairs writer Jonathan A. Czin writes that Chinese leader Xi Jinping has played President Donald Trump and is now reaping the rewards.Although "Trump promised to unleash an economic fusillade on China after his return to the presidency, Beijing has enjoyed a remarkably strong year of diplomacy," Czin writes.Trump escalated the trade war with China, imposing broad tariffs that were met with swift retaliation from Beijing. Negotiations in…
How China played Trump in a game of 'whack a mole': analysis
Foreign Affairs writer Jonathan A. Czin writes that Chinese leader Xi Jinping has played President Donald Trump and is now reaping the rewards.Although "Trump promised to unleash an economic fusillade on China after his return to the presidency, Beijing has enjoyed a remarkably strong year of diplomacy," Czin writes.Trump escalated the trade war with China, imposing broad tariffs that were met with swift retaliation from Beijing. Negotiations in…
Trump's Hardline Approach Pays Off in Xi Jinping Meeting
Donald Trump's second-term hardline approach, characterized by tariffs and sanctions, proved effective in his meeting with Xi Jinping, leading to a suspension of China's rare-earth export ban and signaling a tougher stance on global rivals.
Busan summit hits pause on great trade duel
A trade slugfest between the world's two largest economies appears to have paused. President Donald Trump and his Chinese counterpart Xi Jinping met last week at South Korea's Busan airfield in a bid to dial back trade frictions and duelling export controls stemming from Trump's protectionist sabre-rattling. The US president said they have agreed on "almost everything" and that a formal trade deal could be signed "pretty soon." Xi also hailed th…
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…
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