Overview
- Meeting in Busan lasted 1 hour 40 minutes, featured a handshake, and ended without public statements from either side.
- Trump told reporters he agreed to reduce certain China tariffs tied to fentanyl-related measures to 10%.
- He said Beijing would suspend rare-earth export restrictions for one year under a renewable supply arrangement.
- Trump said China will buy large quantities of U.S. soybeans and other farm goods immediately, and that the two sides will work together on the war in Ukraine.
- Most details come from Trump’s account and await independent confirmation, as analysts characterize the outcome as a temporary truce that leaves China significant leverage through rare-earth controls.