Overview
- Trump said on Truth Social that his meeting with Chinese President Xi Jinping was a great one and would lead to "everlasting peace and success."
- He told reporters the countries reached a one-year trade pact lowering U.S. tariffs on Chinese goods to 47% from 57%, with plans to revisit terms annually.
- Trump linked the 10‑point tariff reduction to what he described as stronger Chinese enforcement against fentanyl.
- He said China would immediately purchase large amounts of U.S. soybeans and other farm products, calling it a gesture authorized by Xi.
- Xi said negotiators had reached a basic consensus and called for steady ties following their Oct. 30 meeting in Busan, reported to have lasted about one hour and 40 minutes.