Trump, Xi meet in effort to resolve commerce tensions sparked by US tariffs

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U.S. President Donald Trump on Thursday met face-to-face with Chinese language chief Xi Jinping in Busan, South Korea – simply hours after Trump hinted on-line at potential shifts in U.S. protection and commerce coverage.

The assembly marked the ultimate cease of Trump’s Asia journey, which additionally included stops in Malaysia and Japan, and targeted on cooling the financial standoff between Washington and Beijing.

Since returning to the White Home in January, Trump has levied main tariffs on Chinese language imports – a transfer that prompted Beijing to tighten its management over exports of uncommon earth components. Each leaders signaled curiosity in lowering tensions to keep away from additional shocks to the worldwide economic system.

Forward of Thursday's summit, U.S. and Chinese language aides signaled the dialogue would middle on tariffs, superior know-how exports, and provide chain competitors – key sticking factors which have lengthy outlined the connection between the 2 powers. Trump informed reporters he believed the 2 sides may attain frequent floor.

TRUMP VISITS SOUTH KOREA AS HE ATTEMPTS TO SECURE BILLIONS IN INVESTMENT

President Donald Trump, left, and Chinese language President Xi Jinping, proper, shake arms earlier than their assembly at Gimhae Worldwide Airport in Busan, South Korea, Thursday, Oct. 30, 2025. (AP Picture/Mark Schiefelbein)

After the talks, Trump mentioned he and Xi had "an incredible assembly" and that each side had reached "an impressive group of choices" on key financial and safety points. The president mentioned Xi agreed to start rapid purchases of U.S. soybeans and different farm items and that China would work "very arduous" to dam fentanyl from getting into the U.S.

Trump mentioned he would minimize the tariff charge on Chinese language imports from 20% to 10% in response to Xi’s promise to crack down on the stream of fentanyl.

"I consider he’s going to work very arduous to cease the dying that’s coming in," Trump mentioned.

The 2 sides additionally reached an understanding on uncommon earth exports, as China agreed to pause deliberate export controls for a 12 months, Trump mentioned. A senior administration official later clarified that each leaders agreed to revisit the settlement subsequent 12 months, and that the association may very well be prolonged at the moment.

The U.S. president additionally mentioned he spoke to Xi about chip know-how. He mentioned China can be in discussions with Nvidia about further semiconductor purchases however that the corporate's latest era of superior processors weren't a part of the dialog.

TRUMP’S FOCUS TURNS TO JAPAN AND SOUTH KOREA AS ASIA TRIP CONTINUES

President Donald Trump, proper, with Secretary of State Marco Rubio, second proper, and Commerce Secretary Howard Lutnick, third proper, meets with Chinese language President Xi Jinping at Gimhae Worldwide Airport in Busan, South Korea, Thursday, Oct. 30, 2025. (AP Picture/Mark Schiefelbein)

The president described the result of the deal as a one-year framework settlement geared toward being renewed yearly.

"We have now a deal," Trump mentioned. "Yearly we’ll renegotiate the deal, however I believe it’ll go on for a very long time."

Trump additionally mentioned the administration introduced plans for reciprocal visits, with the U.S. president touring to China in April and Xi visiting the U.S. later this 12 months.

The assembly, which lasted roughly an hour and forty minutes, concluded with a short photograph alternative earlier than the 2 leaders went their separate methods. Afterward, neither facet launched particulars about what was mentioned. Trump departed Busan with out taking questions, waving to the press pool as he climbed the steps to Air Power One.

As cameras clicked, Trump leaned towards Xi and appeared to talk quietly earlier than shaking arms and boarding the airplane.

Trump and Xi spoke briefly to the press earlier than heading right into a closed-door session for lower than two hours with senior aides.

"It’s an honor to be with a buddy of mine," Trump mentioned of Xi, including that whereas some points stay unresolved, "I believe we’ve already agreed to numerous issues."

Chinese language President Xi Jinping, middle, meets with President Donald Trump, not in photograph, at Gimhae Worldwide Airport in Busan, South Korea, Thursday, Oct. 30, 2025. (AP Picture/Mark Schiefelbein)

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Xi said in his opening remarks that "it feels very heat seeing you once more as a result of it’s been a few years."

The Chinese language chief acknowledged that occasional friction between main powers is pure, including that the U.S. and China "can nonetheless discover methods to thrive facet by facet."

Earlier aboard Air Power One en path to South Korea, Trump instructed he could scale back tariffs imposed on China on account of Beijing's cooperation in curbing fentanyl exports.

"I anticipate to be reducing that as a result of I consider that they’re going to assist us with the fentanyl state of affairs," Trump mentioned, including, "The connection with China is excellent."