Trump Xi Meet Busan Mark Progress US China Trade Talks

U.S. President Donald Trump and Chinese President Xi Jinping met face-to-face in Busan, South Korea, marking a significant step toward easing tensions in their ongoing trade war. Trump announced plans to halve fentanyl-related tariffs on Chinese goods, while China agreed to suspend new controls on rare-earth magnets for a year and resume purchases of American soybeans, signaling progress on key trade issues. Both sides agreed to pause reciprocal tariffs and work on resolving the TikTok issue, with Xi emphasizing dialogue over confrontation and cooperation on trade, energy, and artificial intelligence. Trump also hinted at a potential trade deal during the meeting, which took place amid months of escalating tensions and mutual export restrictions. This meeting sets the stage for a reciprocal visit by Xi to the United States and reflects a mutual desire to stabilize their complex economic relationship for global stability. The world is watching closely to see if this high-stakes diplomacy will lead to a lasting agreement and reduce friction between the two largest economies.