In a significant diplomatic development, US President Donald Trump and Chinese President Xi Jinping met in South Korea, resulting in a notable de-escalation of the trade conflict between the two nations. The meeting, the first face-to-face encounter in six years, saw President Trump announcing a reduction in tariffs on Chinese goods from a combined 57% to 47%. In return, President Xi agreed to delay restrictions on rare earth minerals for a year, a move aimed at soothing trade tensions between the world’s two largest economies.
President Trump expressed optimism for a positive outcome from the meeting, focusing on potential progress and a potential reduction in US tariffs on Chinese goods. Despite a North Korean missile test during his visit to South Korea, Trump remained focused on his discussions with Xi, highlighting the importance of reaching a mutually beneficial agreement.
Former US Ambassador to China, Nicholas Burns, provided insights into Trump’s relationship with Beijing following the meeting. The agreement reached between Trump and Xi is expected to pave the way for further discussions and potentially ease tensions between the two countries.
The meeting between Trump and Xi also set the stage for Trump’s upcoming visit to China in April, marking a significant step towards strengthening diplomatic ties and addressing key trade issues between the US and China.
Overall, the Trump-Xi meeting in South Korea resulted in a 10 percent reduction in US tariffs on Chinese goods and a one-year postponement of China’s rare earth export controls, signaling a limited but crucial de-escalation of the trade war between the two nations.
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Reference:
1. https://timesofindia.indiatimes.com/world/us/trump-expects-a-very-good-outcome-from-xi-meeting/articleshow/124893969.cms
2. https://www.washingtonpost.com/politics/2025/10/30/trump-xi-meeting-tariff-cuts/
3. https://editorialge.com/trump-reduces-tariffs-china-xi-jinping-meeting/
4. https://internewscast.com/news/asia/trump-reduces-fentanyl-tariffs-to-10-amid-chinas-hold-on-rare-earth-restrictions/
5. https://www.npr.org/2025/10/30/nx-s1-5585132/former-u-s-ambassador-to-china-talks-about-trumps-relationship-with-beijing
6. https://www.france24.com/en/video/20251030-donald-trump-will-be-visiting-china-in-april-following-talks-with-xi-jinping
7. https://www.france24.com/en/tv-shows/business/20251030-trump-xi-summit-yields-tariff-cut-one-year-deal-on-rare-earth-minerals
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