Updated on: Oct 30, 2025 11:02 am IST
Trump and Xi Jinping met in South Korea’s Busan on Thursday on the sidelines of Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju.
United States President Donald Trump called his one hour forty minutes-long meeting with his Chinese counterpart Xi Jinping a “great success” and slashed fentanyl tariffs on China to 10 per cent in a major breakthrough in the trade ties between the world’s two biggest economies.
Both the leaders met in South Korea’s Busan on Thursday on the sidelines of Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju.
Also read: Trump cuts fentanyl tariffs on China to 10% after ‘amazing meeting’ with Xi
Here are the key takeaway from the Trump-Xi meeting-
US slashes fentanyl tariffs on China– In a major takeaway from the meeting, Trump agreed to cut fentanyl tariffs on China from 20 per cent to 10 per cent effective immediately. Trump said that he agreed to do so because Xi Jinping will work “very hard to stop the flow” of fentanyl. “I believe they are really taking strong action,” the US President said.
Trump announces China visit– After the meeting, the US President told reporters on Air Force One that he will be visiting China in April and that Xi Jinping will come to the US after that. “I’ll be going to China in April and he’ll be coming here sometime after that, whether it’s in Florida, Palm Beach or Washington, DC,” he said.
No discussion on Taiwan- Both the leaders did not discuss the sensitive issue of Taiwan during their meeting, said Trump. Taiwan “never came up. That was not discussed actually,” he said.
Rare earth deal– Both the parties reached a breakthrough on rare earth deal, which was a major point of contention between them. Trump said that they reached a one-year extendable agreement on China’s supply of crucial rare earths. “There’s no roadblock at all on rare earths…That will hopefully disappear from our vocabulary for a little while,” Trump said.
