Overview
- Beijing confirmed the bilateral for Thursday in Busan, the leaders’ first in‑person meeting since 2019 on the sidelines of APEC events.
- Trump said he intends to cut the 20% tariff linked to fentanyl, with media reports citing a possible halving if China tightens controls on precursor chemicals.
- The session builds on a preliminary framework reached in Kuala Lumpur, with rare‑earth export limits, U.S. tech controls and investment issues on the agenda.
- Reporting indicates China may delay rare‑earth curbs and that Washington has taken a threatened additional 100% tariff off the table, pointing to a limited truce.
- Trump ruled out a meeting with Kim Jong‑un after North Korea’s sea‑to‑land cruise missile test and announced a near‑final commercial deal with South Korea that a Seoul adviser later confirmed.