President Donald Trump says he reached a “trade understanding” with Chinese President Xi Jinping following a private meeting in Busan, South Korea. The high-stakes discussion focused on tariffs, technology, supply chains, and rising geopolitical tensions. Ahead of the summit, Trump hinted at nuclear concerns on Truth Social, signaling a firm stance. Despite the tense backdrop, Xi called the discussion warm and emphasized the importance of maintaining a stable U.S.–China relationship even amid disagreements.
Trump told reporters, “We have a deal,” adding that negotiations will be reviewed annually but are expected to last “a long time.” Trump later announced plans to reduce tariffs on Chinese imports after what he described as productive talks. The meeting reportedly yielded agreements on fentanyl enforcement, agricultural trade, and a temporary pause on China’s rare-earth export restrictions — key issues shaping global markets and security.
While Trump initially suggested tariffs could drop from 20% to 10%, officials later clarified the new range would remain substantially higher, between 45% and 47%. Trump expressed confidence in China’s pledge to curb fentanyl trafficking and welcomed Beijing’s commitment to purchase more U.S. agricultural and energy products. The leaders also discussed semiconductor cooperation and future technology access.
The meeting lasted just over ninety minutes and ended with a brief photo-op and handshake. Trump described Xi as a “friend,” while Xi said reconnecting felt “warm.” The administration says tariff adjustments may continue if China follows through on its fentanyl crackdown and trade commitments, signaling a cautious yet hopeful reset in U.S.–China economic relations.
Trump easily wins the body language battle with Xi Jinping.
Very nice to watch American strength back on the world stage. pic.twitter.com/F6no39GxJa
— johnny maga (@_johnnymaga) October 30, 2025
