Trump and Xi Jinping reach agreement on rare earths and tariffs in South Korea meeting

Entente in Busan. U.S. President Donald Trump and his Chinese counterpart Xi Jinping finally met face to face after months of tension, and the meeting in the South Korean city resulted in several agreements, according to details provided by the Republican president after the meeting, aboard Air Force One on his way back to Washington. Trump assured that China has agreed to delay its restrictions on rare earth exports, one of the main points of conflict, for a period of one year, and announced an immediate reduction from 20% to 10% on the tariffs imposed in February on Chinese products due to Washington’s claim Beijing is not doing enough to stop exports of fentanyl precursors. Trump also said he would visit China in April and that Beijing would begin to buy large quantities of soybeans, according to several media outlets aboard the presidential flight. In addition, according to the Republican, the two leaders discussed the war in Ukraine: “We‘re both going to work together to see if we can get something done,” he said.

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