Overview
- Trump and Xi met in Busan for a 1 hour 40 minute bilateral, with the opening segment streamed by the White House.
- Trump said a U.S. tariff tied to fentanyl on Chinese goods will be reduced from 20% to 10% as Beijing steps up countermeasures.
- He said China will substantially increase imports of U.S. soy and other agricultural products starting immediately.
- According to Trump, the sides reached a one-year arrangement to maintain Chinese rare-earth supplies to the United States without new export controls.
- Trump said China would work with the United States on efforts to end the Russia–Ukraine war and announced a trip to China in April 2026 followed by a Xi visit to the U.S., with specifics still unconfirmed.