U.S. President Donald Trump on Wednesday declared his meeting with Chinese President Xi Jinping a major success, saying it rated “12 out of 10” and signalling a breakthrough across trade and strategic supply chains.
Trump announced that U.S. tariffs on China will be reduced to 47% from 57%, adding that “a lot of decisions were made” during the discussions. The move marks a significant recalibration in Washington’s trade stance as both nations push to stabilise ties.
He further stated that there are “no roadblocks on rare earths” and that “all the rare earth issue has been settled,” with a U.S. official traveling with him confirming China will keep rare-earth exports flowing. Trump also said he expects to sign a trade deal with China “pretty soon.”
The U.S. President described the talks as “amazing,” emphasising cooperation on fentanyl control and supply chain security — key priorities for both countries.
Earlier, the closed-door meeting concluded without a press conference. Trump had hinted a deal “could” be reached, while Xi stressed readiness to build a stable and constructive U.S.–China partnership. The meeting lasted about 1 hour and 40 minutes near Busan’s international airport before Trump departed for Washington aboard Air Force One. Xi remains in South Korea for a state visit and the APEC leaders’ summit.
