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Trump and Xi Tout Trade Steps After Busan Talks as U.S. Moves Toward Nuclear Tests

A parallel U.S. move toward resuming nuclear tests adds a hard-security edge to the thaw.

Overview

  • The 1 hour 40 minute meeting, the first U.S.–China bilateral of Trump’s current term, yielded a cut of the fentanyl-linked tariff on Chinese goods to 10% from 20%, according to the president.
  • Trump said Beijing will sharply increase purchases of U.S. soy and other agricultural products, with buying to begin immediately.
  • He reported a one-year understanding for Chinese rare-earths supplies to the United States and said China does not plan export controls, with formal details still pending.
  • Trump said he and Xi discussed the RussiaUkraine war and that China would work with Washington on potential steps toward ending the conflict.
  • Separately, Trump directed the Pentagon to start the process for U.S. nuclear-weapons testing, a developing step expected to take months to operationalize.