US President Donald Trump and his Chinese counterpart Xi Jinping held a crucial meeting on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Summit in South Korea. The meeting, which began around 7:30 am on Thursday (IST), lasted for up to less than two hours.
White House press secretary Karoline Leavitt said that Trump’s meeting with Xi Jinping was “highly productive and positive.” After the meeting, Trump had declared that overall tariffs on Chinese goods would be slashed to 47% from 57% in exchange for Beijing resuming US soybean purchases, keeping rare earths exports flowing and cracking down on the illicit fentanyl trade.
Trump told reporters on Air Force One that he would be visiting China in April.
The US and China could sign a trade agreement as soon as next week, US Treasury secretary Scott Bessent said in an interview with Fox Business Network after Trump’s meeting with his Chinese counterpart Xi Jinping
Following his meeting with Xi, Trump said that overall tariffs on Chinese goods would be slashed to 47% from 57% in exchange for Beijing resuming US soybean purchases, keeping rare earths exports flowing and cracking down on the illicit fentanyl trade.
US Treasury secretary Scott Bessent, after Trump and Xi’s meet, said the US would enact a one-year suspension of Entity List restrictions that make it harder for Chinese firms to use affiliates to buy off-limits technology.
Donald Trump is now headed to Washington following his meeting with Xi Jinping – which he described as ‘amazing’ and even rated it as a ‘12’ out of 10.
Trump said that American and Chinese officials would soon meet to discuss a potential “energy deal” between the two nations. “China… agreed that they will begin the process of purchasing American Energy,” Trump announced on Truth Social after the meeting with Jinping.
Trump made no mention of TikTok following his meeting with Xi, despite earlier signals from the White House that they might finalise an agreement on the sale of the Chinese-owned app’s US operations.
Trump said he and Xi agreed to “work together” on the Ukraine issue. Xi is “going to help us, and we’re going to work together on Ukraine.” He, however, said, “Sometimes, you have to let them fight, I guess, not a lot we can do.”
Senate Democratic Leader Chuck Schumer criticised Trump, calling his Asia trip a “total dud,” alleging it was “almost treasonous.” The POTUS reacted to the same, claiming that his meeting with Xi was a “spectacular success.”
Xi Jinping and Donald Trump shook hands after the bilateral meeting in South Korea. Here’s a glimpse
Trump said that a dispute between China and the United States had been “settled”. China, however, did not provide an immediate comment on the meeting or any outcomes.
Following his meeting with Xi Jinping, Trump said that tariffs on China have been slashed to 47% from 57%— in exchange for Beijing resuming US soybean purchases, keeping rare earths exports flowing and cracking down on the illicit trade of fentanyl. Read here
Chinese shares pulled back from a decade high on Thursday as US President Donald Trump and Chinese President Xi Jinping concluded a high-stakes meeting in South Korea.
The benchmark Shanghai Composite Index hit its highest level since 2015 at the start of the session but closed down 0.73%, inching away from the 10-year high it has been around this week. Hong Kong’s Hang Seng Index fell 0.2%, Reuters reported.
Chinese state media confirm that US President Trump will visit Beijing early next year.
Xi Jinping has reportedly told Donald Trump during key meeting in South Korea that trade talks should be ‘driver of TIES, not sources of conflict’.
There has been no mention of TikTok deal from either sides so far.
China’s state media quoted Xi as saying that a ‘consensus’ was reached with Trump on trade issues.
Trump has reduced fentanyl tariffs on China from 20 percent to 10 percent.
The contentious Taiwan issue “never came up. That was not discussed actually,” Trump said on Air Force One after meeting Xi in South Korea.
US President Donald Trump said on Thursday he had agreed to reduce tariffs on China to 47% in exchange for China resuming US soybean purchases, keeping rare earths exports flowing and cracking down on the illicit trade of fentanyl.
AFP quoted US President Trump as announcing five key decisions takesn after Xi meeting. They were:
Air Force One departed from Busan, South Korea, around 1:15 pm local time (12:15 am ET), marking the end of his three-country Asia tour. Trump is scheduled to arrive back at the White House at 3:05 pm ET.
Trump is on his way back home as he ended his long Asia trip. He boarded Air Force One. “This week, Trump ”secured billions in new investment, ended a war, inked multiple trade/minerals deals, met with President Xi, and more. He never stops working for US,” Rapid Response team posted on X.
The meeting between US President Donald Trump and Xi Jinping lasted for about 1 hours 40 minutes. The meeting had begun around 7:30 am (IST) on Thursday.
As Trump and Xi stepped outside, they shook hands again. Xi got into his car and left in his motorcade, CNN reported.
Xi will remain in South Korea for a state visit, and to attend the main APEC leaders’ summit. Trump is expected to depart on Air Force One for the US.
Chinese Presidents has finished his meeting with Trump, the state media reported.
US President Donald called Xi a ‘tough negotiator’ as the two leaders shook hands.
President Donald Trump met with Chinese President Xi Jinping in South Korea. “I think we’re going to have a fantastic relationship for a long period of time, and it is an honor to have you with us.”
As per Reuters, Chinese shares climbed to a decade high on Thursday as US President Donald Trump and Chinese President Xi Jinping began a high-stakes meeting.
The meeting has fueled cautious optimism for a potential trade-war truce that will help sustain bullish market sentiment.
Other US participants in the bilateral meeting include US Ambassador to China David Perdue, Secretary of State Marco Rubio, Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, White House Chief of Staff Susie Wiles and US Trade Representative Jamieson Greer.
“China and the US can jointly shoulder our responsibility as major countries and work together to accomplish more great and concrete things for the good of our two countries and the whole world. I look forward to exchanging views with you on questions important for two countries and world. Thank you,” Chinese President Xi Jinping said.
Quotes from Xi’s speech: “Mr. President [Trump], you care a lot about World Peace and you’re very enthusiastic about settling various regional hotspot issues. I appreciate your great contribution to the recent conclusion of the Gaza ceasefire agreement.”
“During your visit to Malaysia, you witnessed the signing of the Joint Declaration on peace along the Cambodia, Thailand border to which you had provided input. China’s been helping our own way.”
“Cambodia and Thailand properly settled their border disputes and we have also been promoting peace talks to resolve other hotspot issues. The world today is confronted with many tough problems.”
Trump and Xi’s remarks were open to media but now, the rest of the meeting is closed. Chatting with other leaders at a dinner last night, Trump was overheard saying it could last as long as four hours, NBC news reported.
Speaking during the meeting, Xi Jinping said, “Given our different national conditions, we do not always see eye to eye with each other, and it is normal for two leading economies of the world to have friction now and then.”
At the beginning of the crucial US-China meeting, Trump praised Xi as “distinguished and respected” and a “great leader of a great country.”
Xi Jinping said the US and China “should be partners and friends” as he met Trump in Busan on the sidelines of the regional summit in South Korea.
Trump and Xi shook hands as they stood in front of US and Chinese flags. They briefly greeted the press before going inside.
“We’re going to have a very successful meeting, I have no doubt,” Trump said. “But he’s a very tough negotiator, that’s no good,” he was quoted as saying.
Trump and Xi are meeting at a South Korean air force base adjacent to Gimhae International Airport in Busan.
US President Donald J trump posts, “The United States has more Nuclear Weapons than any other country. This was accomplished, including a complete update and renovation of existing weapons, during my First Term in office. Because of the tremendous destructive power, I HATED to do it, but had no choice! Russia is second, and China is a distant third, but will be even within 5 years. Because of other countries’ testing programs, I have instructed the Department of War to start testing our Nuclear Weapons on an equal basis. That process will begin immediately. Thank you for your attention to this matter!”
US President Donald Trump has met Xi Jinping. The US President is now shaking hands with Xi before their highly anticipated bilateral meeting at the Gimhae Air Base.
This is their first face-to-face meeting of Trump’s second term. They are expected to agree to a framework for managing their economic ties.
“The Trump-Xi meeting is unlikely to result in the ‘grand bargain’ that some may hope for,” Emily Kilcrease, a senior fellow and director of the Energy, Economics and Security Program at the Center for a New American Security, was quoted by NBC News as saying.
Donald Trump and Xi Jinping are set to finalise a trade truce as they meet Thursday in South Korea. According to Bloomberg, initial signals indicate the leaders are readying a pact that could see a rollback of some tariffs, fees and export restrictions threatened or implemented in recent months.
“That includes a reduction in US duties linked to fentanyl, approval of the sale of TikTok’s US operations, soybean purchases and a deal to halt measures including China’s sweeping plan to require licenses for goods with even a trace amount of its rare earths,” the report added.
Chinese leader Xi Jinping has arrived in the South Korean city of Busan. He will now attend a meeting with US President Donald Trump, according to Chinese state broadcaster CCTV. Trump also just arrived at Gimhae International Airport in Busan.
The trade war reignited this month after China proposed dramatically expanding curbs on exports of rare-earth minerals vital for high-tech applications, a sector China dominates.
Trump vowed to retaliate with additional 100% tariffs on Chinese exports, and with other steps including potential curbs on exports to China made with US software – moves that could have upended the global economy.
Taiwan’s foreign minister, when asked about Trump-Xi meeting, said, “we have confidence in the Taiwan-US relations”
The meeting, the first between the leaders since Trump returned to office in January, is due to begin at 11 am local time (0200 GMT) or (7:30 am IST) in the southern port city of Busan, capping off the U.S. president’s whirlwind trip around Asia.
US President Donald Trump has arrived at the Gimhae International Airport, where he will be meeting with China’s leader Xi Jinping. Xi is expected to arrive soon.
“THE G2 WILL BE CONVENING SHORTLY!” Trump said in an all-caps post to social media while en route.
Xi Jinping has already left for the APEC meeting in South Korea, according to a report by the Global Times, at around 6:16 am. He is expected to land soon.
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