US EditionTrump and Xi land in Busan for highly anticipated meeting over trade and tariffs
- On Thursday, U.S. President Donald Trump and Chinese President Xi Jinping will finalize a trade truce in Busan, South Korea, rolling back planned tariffs, fees and export restrictions.
- After tit-for-tat escalations earlier this month, China’s roles as a top soybean buyer and exporter of rare-earth magnets contribute to its leverage over the U.S., impacting U.S. farmers.
- Markets reacted cautiously as Trump said tariffs would be cut to 47%, while said Lynn Song, 'Managing to meet and de-escalate after recent tensions will help remove a major uncertainty, lowering the immediate risks to end the year.'
- The agreement buys both sides breathing room and offers relief to multinational corporations and investors, but the result amounts to a temporary pause rather than a durable resolution of core U.S.-China issues.
- Given Donald Trump's mercurial leadership, China hawks in Washington warn concessions may spark pushback, while rare-earth dominance leaves risks for the global economy.
370 Articles
370 Articles
6 takeaways from Trump's meeting with Chinese leader Xi
President Donald Trump met with China's Xi Jinping on the sidelines of Pacific Rim summit gatherings in South Korea, where the two leaders agreed to dial back some of their trade measures and work together to resolve others.
The summit in South Korea reached yet another truce between the two rival superpowers, not a trade peace
Trump vs. Xi: Who Won The US - China Trade Meeting & Who is Lying
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Experts react: What does the Trump-Xi meeting mean for trade, technology, security, and beyond?
The US and Chinese presidents met on Thursday to discuss issues ranging from tariffs to TikTok. Atlantic Council experts break down what came out of the tête-à-tête.
Trump to lower tariffs on China after trade meeting with Xi Jinping
President Donald Trump met with Chinese President Xi Jinping for the first time in six years during a meeting in South Korea aimed at settling some trade differences. Trump announced the US will reduce tariffs on Chinese goods entering America, and in return China will start to import more agricultural products such as soybeans. But many other issues remain unresolved, including whether TikTok will be allowed to operate in America and China’s co…
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