Overview
- Trump hailed a “fantastic” Busan meeting and announced a 10‑point cut in certain U.S. tariffs to 47 percent alongside a pledge from China to resume purchases of American soybeans.
- Beijing signaled a one‑year suspension of newly threatened export controls on rare earths, with existing curbs unchanged and details left vague.
- Trump said the U.S. and China would work together to end the war in Ukraine, but Chinese statements were cautious and analysts doubt Beijing will pressure Moscow decisively.
- German industry groups called the trade signals positive but not a breakthrough, warning that uncertainty persists and urging faster diversification away from Chinese critical materials.
- Trump publicly ordered U.S. nuclear weapons testing to begin “immediately,” yet experts note the Energy Department’s NNSA—not the Pentagon—oversees test readiness and that technical, political and budget hurdles make explosive tests unlikely in the near term.