2025.10.30 15:19 (Updated 2025.10.30) | Jiang Fufei
U.S. President Donald Trump and Chinese President Xi Jinping held talks in Busan, South Korea on March 30.
The Trump-Xi meeting concluded without touching on the Taiwan issue.
US President Donald Trump and Chinese President Xi Jinping held talks in Busan, South Korea, on March 30. Trump announced afterwards that several agreements were reached, describing the meeting as a "perfect score of 12 out of 10." China agreed to suspend rare earth export controls for one year, alleviating concerns about global supply chains; the US, in turn, reduced tariffs on Chinese goods from 57% to 47%. Trump also confirmed that the meeting did not touch upon the Taiwan issue.
The meeting between Trump and Xi was held at Gimhae Air Base in Busan and lasted approximately 1 hour and 40 minutes. This was their first face-to-face meeting since the 2019 G20 summit and a highlight of Trump's first trip to Asia since returning to the White House. Trump expressed satisfaction with the outcome of the talks, stating that both sides had "reached an agreement" and that a signing was expected soon.
The biggest breakthrough in the talks was seen as the rare earth issue. Aboard Air One, Trump stated, "All rare earth issues have been resolved," with China agreeing to maintain global rare earth exports for another year. Trump added that the agreement "may be extended" and hoped the term "rare earth" would "disappear from our vocabulary." This move was widely seen as removing a major obstacle in the US-China trade war.
In exchange, the United States also showed goodwill. Trump confirmed that the U.S. would reduce tariffs on Chinese imports from 57% to 47%. Furthermore, to recognize Xi Jinping's efforts in preventing fentanyl from entering the U.S., the U.S. decided to immediately reduce fentanyl-related tariffs from 20% to 10%.
However, foreign media reports indicate that Trump did not provide many details of the agreement, and China has not yet commented on its contents. It remains unclear whether Beijing agreed to suspend all of China's rare earth export controls or only the portion expanded in October.
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