{"id":169954,"date":"2025-10-30T05:59:30","date_gmt":"2025-10-30T05:59:30","guid":{"rendered":"https:\/\/quixnet.net\/wpinstance\/donald-trump-lowers-china-tariffs-and-announces-end-to-rare-earths-roadblock-after-meeting-xi-jinping-bbc\/"},"modified":"2025-10-30T05:59:30","modified_gmt":"2025-10-30T05:59:30","slug":"donald-trump-lowers-china-tariffs-and-announces-end-to-rare-earths-roadblock-after-meeting-xi-jinping-bbc","status":"publish","type":"post","link":"https:\/\/quixnet.net\/wpinstance\/donald-trump-lowers-china-tariffs-and-announces-end-to-rare-earths-roadblock-after-meeting-xi-jinping-bbc\/","title":{"rendered":"Donald Trump lowers China tariffs and announces end to 'rare earths roadblock' after meeting Xi Jinping – BBC"},"content":{"rendered":"

Donald Trump says the US can sign a trade deal with China "pretty soon" following talks with Chinese President Xi Jinping in South Korea
He announces lower tariffs on Chinese imports and says the issue over US access to rare earths has been settled
Beijing has not commented on any of this so far
What we haven't had any word on yet is a final deal on the sale of Chinese-owned TikTok's US operations – which analysts were expecting
Trump's announcements will be seen as a breakthrough after trade tensions had ramped up again between the world's two biggest economies
Our correspondents unpack the moment when Trump and Xi met this morning<\/a>, explain what was on the table for the talks<\/a>, and why Xi would have felt like he was walking in with a strong hand<\/a>
Edited by Yvette Tan in Singapore, with reporting from Laura Bicker in Busan, Jake Kwon and Suranjana Tewari in Gyeongju and Anthony Zurcher travelling with the US president
\"\"<\/span><\/span>Laura Bicker<\/strong>
China correspondent, reporting from Busan<\/span>
Donald Trump seems to think the meeting was amazing. But what did President Xi get out of it?
Mr Trump said tariffs on Chinese goods would be reduced, so that\u2019s a win for China.
The rest of the details are still to be announced, but it does seem that Beijing will be allowed to buy advanced computer chips from the US – which was a key demand.
President Xi is trying to develop his country\u2019s high tech economy and China is already building more robots than any other country. To continue that development, Chinese companies need access to advanced computer chips made by Nvidia – but the sale of those have been restricted by Washington.
Trump said that Beijing would be speaking to Nvidia\u2019s CEO and that US authorities would serve as a \u201csort of referee\u201d, although the US president claimed those discussions will not include the Blackwell chip which is said to be Nvidia\u2019s best for AI,
What I will be looking out for is what China has given up. Beijing has used its chokehold over rare earths as key economic leverage. Mr Trump said that there would be \u201cno roadblock\u201d and the trade of rare earth metals had been settled, but there has been no such announcement from the Chinese.
The key will be hearing China\u2019s side of the discussions and comparing the read outs from both sides. Only when the full details will are known will we get a better idea of the give and take between the two superpowers.
Neodymium is used to make the powerful magnets used in loudspeakers and computer hard drives
The trade war between China and US has put spotlight on rare earths, the minerals that are used in the making of electric cars, electronics and military weapons.
China had tightened its grip over rare earth exports in recent months – a move that dealt a major blow to the US, whose industries are heavily dependent on imports of the precious metal. Analysts had said China was using its dominance in the industry as a key bargaining chip in trade talks.
Trump has now said the issue over the trade of rare earths is "settled" – but what exactly are rare earths and why are they so important?
Read more in our article here<\/a>.
Trump had spoken fairly extensively on his meeting with Xi – taking questions for some 15 minutes – but gave scant details on the issues that Washington and Beijing supposedly agreed on.
Here's a summary of his key points:
South Korea's President Lee Jae Myung played host to Trump
Trump's Asia trip began on Sunday in Kuala Lumpur, where he was joined by leaders to sign a \u201cpeace deal\u201d between Thailand and Cambodia.
He then flew to Japan, met with Emperor Naruhito, and sat down with the country\u2019s new prime minister, Sanae Takaichi.
Trump and Takaichi heaped praises on each other and signed two deals<\/a> – one on deepening rare earths cooperation, and another promoting a "new golden age" of US-Japan relations, before travelling to a naval base where Trump addressed American troops.
Trump arrived in South Korea on Wednesday <\/b>where he was showered with gifts and flattery. There, he reached a deal<\/a> with President Lee Jae Myung to reduce reciprocal tariffs from 25% to 15%, in exchange for $350b of investments in the US.
Washington will also share tech with Seoul to build a nuclear-powered submarine, Trump said.
And today – on the last leg of his trip – he travelled to Busan, where he met with China's President Xi.
In his closing remarks, Trump says the meeting with President Xi was "a great success" and "a great honour", praising his leadership.
When asked about Canada on Air Force One, Trump said he "had a very nice conversation" last night with Canadian Prime Minister Mark Carney.
The two leaders were seated across each other during a dinner – the first time they have met since Trump cancelled trade talks last week over an anti-tariff TV ad that aired in Canada.
Trump also said he was "too busy" to meet with North Korean leader Kim Jong Un during this trip, but that he could "come back".
"I had a great relationship with Kim Jong Un. I think if I didn't get elected… He doesn't like too many people other than me, I think you'd have had a war," he told reporters on Air Force One.
North Korea fired surface-to-air cruise missiles just hours before Trump landed in South Korea yesterday.
When asked how he would rate the meeting from 1-10, Trump said he rated the meeting, calling it a "great success".
"They congratulated me on the tremendous success we've had," he said.
Trump also says he will visit China in April, and says Xi will be coming to the US "sometime after that", possibly to Washington DC or Palm Beach in Florida.
Trump lightens the mood in his gaggle with reporters, remarking how bumpy the flight has been.
"This is a rough flight… the interviews are tough enough without your life being threatened," he jokes as he is asked about tariff rates on China.
Taiwan never came up in the discussions, Trump says.
There were concerns ahead of today's talks that the self-governed island would become a pawn in the highly-anticipated meeting between the two superpowers.
Trump says he has agreed to "work together" with Xi on Ukraine.
"Ukraine – we're both going to work together – we agree that the sides are locked in fighting and sometimes you gotta let them fight I guess. But we're going to work together on Ukraine," he says.
Trump said that now is the "appropriate" time for the US to resume nuclear testing given that other major countries had started to do so.
"It had to do with others," he says, highlighting that the US had the largest nuclear stockpile.
Trump said Beijing will be speaking to Nvidia's CEO Jensen Huang, noting that US authorities serve as "sort of a referee" in their discussions.
Trump also said these discussions will not involve the Blackwell chip – considered Nvidia's best chip for AI – in response to a reporter's question, but did not give further details on this aspect of the talks.
"But it's a lot of chips, and that's good for us," he said.
Trump says the issue over the trade of rare earths has been settled, but has not given any details.
The flow of rare earths has been a key point of contention between the US and China.
Beijing holds a monopoly over the processing of critical minerals, and tightened its grip over rare earth exports in recent weeks.
"All of the rare earth [issue] is settled, and that's for the world… This was a worldwide situation and not just a US situation," Trump told reporters.
"There's no roadblock from China anymore," he adds.
Washington and Beijing are "in agreement on many things", Trump said.
He said that effective immediately, the US will reduce tariffs on all Chinese goods enacted earlier in response to the flow of chemical ingredients for fentanyl into the US.
Trump noted that China, as announced earlier, will start buying large quantities of soybeans "which I appreciated", he said.
We are hearing from President Trump live on Air Force One now, where he is speaking with reporters.
"It was an amazing meeting. He is a great leader," Trump says.
"We have come to a conclusion on many important points and we will be handing them to you in a little while," he says.
As we wait for details of the meeting between Trump and Xi to be released, here are images from earlier today at Gimhae Air Base in South Korea.
Xi strikes a professional stance during the meeting, one analyst notes
While Trump appeared to be aware that he was coming on the backfoot, the same analyst notes
The meeting ends in a handshake, the same way it started
Trump has left on Air Force One with no immediate word on how the talks went
Trump's Air Force One has taken off and is enroute to Washington. The US president has not commented on how his meeting with Xi went.
Earlier this morning, the Chinese stock market reached its highest in a decade in a sign that investors were optimistic about the presidents' meeting.
China\u2019s benchmark Shanghai Composite Index gained over 2% in the past five days, reaching a high this morning of 4,025.39 points.
Markets around the world posted gains over the week as US and Chinese officials tried to ease trade tensions, raising hopes of a trade agreement between the sides.
The meeting has now concluded but we have yet to hear what has come out of it.
Copyright \u00a9 2025 BBC. The BBC is not responsible for the content of external sites. Read about our approach to external linking.<\/a><\/p>\n

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