Busan In a pivotal diplomatic encounter during the APEC Summit, U.S. President Donald Trump and Chinese President Xi Jinping met for a 90-minute bilateral session that yielded a sweeping agreement on trade, fentanyl control, and critical mineral exports. The meeting, held at a secure venue in Busan, marked a turning point in efforts to recalibrate the world’s most consequential bilateral relationship.
Trade Truce and Economic Reset
According to a White House fact sheet, the two leaders agreed to a trade truce that includes:
- Lowered U.S. tariffs on select Chinese goods
- Resumption of Chinese imports of American soybeans and agricultural products
- Elimination of Chinese export controls on rare earth elements and critical minerals
President Trump hailed the outcome as “a massive victory for American workers, farmers, and families,” while President Xi emphasized the need for “strategic stability and mutual respect.”
Fentanyl and Public Health Cooperation
A major component of the agreement involves China halting the flow of chemical precursors used to manufacture fentanyl, a synthetic opioid fueling a public health crisis in the United States. Both sides committed to enhanced law enforcement coordination and data sharing.
Strategic Messaging and Symbolism
The meeting was described by Trump as “a 12 out of 10,” signaling a dramatic shift in tone after months of escalating rhetoric. The leaders were photographed shaking hands in front of national flags, with aides from both delegations present. Trump later told reporters aboard Air Force One that the meeting “exceeded expectations”.
Global Implications
The Trump–Xi summit comes at a time of rising geopolitical uncertainty, with tensions in the South China Sea, Taiwan Strait, and global supply chains. Analysts say the agreement could ease pressure on global markets and open the door to further strategic dialogue.
However, skepticism remains. Experts caution that implementation will be key, and that underlying disputes especially over technology, human rights, and military posture remain unresolved.
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