U.S. president Donald Trump and Chinese president Xi Jinping shook hands during a gathering at the Air Base Gimhae October 30, 2025, in Pusan, South Korea. © Andrew Harnik / Getty Images
U.S. president Donald Trump said his gathering with the Chinese counterpart, Xi Jinping, at the beginning of this week, would pave the way for a lasting peace between the nations.
Both leaders met for the first time in six years on Thursday, at the margins of the APEC Summit in Pusan, South Korea.
Beijing reported they reached a consensus on the solution "main commercial problems".
China agreed to suspend the latest controls on exports of rare-earth elements in exchange for reciprocal tariff reductions by the US.
The agreement besides includes a US commitment to reduce customs duties on Chinese imports and suspend investigations into the Beijing maritime and logistics sector.
"My G2 gathering with Chinese president Xi was large for both of our countries" – Trump wrote on Saturday on fact Social portal.
“This gathering will lead to eternal peace and success.
God bless both China and the USA!”
Bilateral relations are strained over the years of trade tensions which began with Trump's introduction of massive tariffs on Chinese goods during his first word of office.
Under the fresh agreement, the United States will reduce duties on Chinese products from 57% to 47% and suspend export restrictions for any Chinese companies.
The United States will besides reduce fentanyl-related duties and China will adjust its retaliation measures.
Beijing announced the abolition of export restrictions for uncommon earth elements per year during which it analyses long-term plans.
Materials utilized in electronics and military technology became the mark of attacks after the United States tightened its own export control of advanced semiconductors and chip production equipment.
China besides agreed to resume purchases of American soy and another agricultural products which were halted during the fresh trade deadlock while most of the remaining trade restrictions stay in force.
Translated by Google Translator
source:https://www.rt.com/news/627252-meeting-with-xi-will-lead/
