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Trump Cites Tariff Cut and Rare‑Earths Deal After 1:40 Busan Meeting With Xi

Key pledges still await formal confirmation, with Beijing offering sparse detail.

Overview

  • After their first face‑to‑face since 2019, Trump briefed reporters that fentanyl‑related U.S. tariffs on Chinese goods will be reduced to 10% from 20%.
  • Trump said the sides reached a one‑year, renewable arrangement on rare‑earths supplies; Chinese state media spoke of consensus and follow‑up work rather than publishing specifics.
  • He announced that China will begin purchasing considerable volumes of U.S. soy and other agricultural products immediately.
  • Trump said Washington and Beijing will work together on the war in Ukraine, and he added that Taiwan was not discussed during the talks.
  • No joint press conference or communiqué followed the 1 hour 40 minute meeting, and Trump said reciprocal visits are planned with a U.S. trip to China in April.