Trump and Xi reach trade deal, easing tensions in fierce US-China rivalry

United States President Donald Trump and his Chinese counterpart Xi Jinping have agreed to a trade truce under which the US will ease tariffs and Beijing will restart imports of US soya beans, delay the introduction of export restrictions on some of its rare earth metals and intensify efforts to curb illegal fentanyl trafficking.
Speaking after his meeting on Thursday with Chinese President Xi Jinping in Busan, South Korea – their first face-to-face encounter since 2019 – Trump described the meeting as the capstone of his five-day Asia tour.
“I thought it was an amazing meeting,” Trump told reporters.

Al Jazeera’s Rob McBride reports from Busan, South Korea.

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Post from Al Jazeera on October 30, 2025

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