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.
436 Articles
436 Articles
Trump's Hardline Approach Pays Off in Xi Jinping Meeting
A key lesson was learned by U.S. President Donald Trump following his landmark meeting on 30 October with Chinese counterpart Xi Jinping: that the hardline approach he has adopted in his second term in the top job, characterised by quickly-implemented tariffs and sanctions, has worked well and he should stick with it. In broad terms, Trump rated the one hour and 40 minute get together on the sidelines of the APEC summit in South Korea’s Busan as…
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…
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 …
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