"Speaking aboard Air Force One following the October 30 sit down, Trump said that he had an "amazing meeting" with Xi and they they agreed on "many important points," including agreements on trade, tariffs, and rare-earth minerals. He told reporters that he will reduce a tariff on China over its role in the fentanyl crisis by 10 percent and that China would resume "large amounts" of soybean purchases from the United States, which were stopped in May in response to US tariffs."
"Trump added that a deal was also reached on lifting Chinese restrictions on the flow of rare-earth minerals, 17 elements that play tiny but vital roles in cars, planes, and weapons. U.S. Trade Representative Jamieson Greer, who is also Air Force One, said China would not be imposing its proposed rare earth controls that were expanded in October after an understanding between the presidents. He did not comment on controls that are already in place that were introduced in April."
""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." Trump added that he also discussed the war in Ukraine launched by Russia in February 2022, saying that he and Xi agreed 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 said."
US President Donald Trump and Chinese leader Xi Jinping met in South Korea and addressed trade and the war in Ukraine. The leaders agreed on measures covering trade, tariffs, and rare-earth minerals. Trump said he will reduce a tariff on China related to the fentanyl crisis by 10 percent and that China would resume large amounts of soybean purchases halted in May. An understanding was reached to prevent China from imposing proposed rare-earth export controls expanded in October. Trump and Xi agreed to work together on the conflict in Ukraine. Xi said both sides reached a consensus to resolve major trade issues and that teams will continue working to deliver reassuring outcomes.
Read at RadioFreeEurope/RadioLiberty
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