Trump: US, China ‘Have a Deal’ After Meeting With Xi
President Donald Trump announced that the United States and China have struck what he called a landmark deal following his highly anticipated meeting with Chinese President Xi Jinping. Speaking to reporters aboard Air Force One, Trump described the summit as extraordinarily successful. “On the scale of 0 to 10, with 10 being the best, I would say the meeting was a 12,” he said.
The nearly two-hour discussion took place Thursday at a South Korean air base and led to a broad agreement covering trade relations, fentanyl trafficking, and the export of rare earth minerals — three areas that had long strained ties between Washington and Beijing. “We have a deal. Now, every year we will renegotiate the deal. But I think the deal will go on for a long time,” Trump told reporters, highlighting what he described as a turning point in U.S.-China relations.
Among the commitments, Xi agreed to lift for one year China’s new export limits on rare earth and other critical minerals — materials essential for advanced technology and defense industries. Trump said the concession removes a looming obstacle to global manufacturing. “There’s no roadblock at all on rare earth,” he said. “It’s a one-year deal that I think will be very routinely extended.”
In exchange, Trump said he would cancel the 100% tariff increase on Chinese imports that was scheduled to take effect on November 1. Overall, tariffs on Chinese products will decline from an average of 57.6% to 47.6%. The president noted an additional adjustment on items related to fentanyl, saying Washington will reduce those specific tariffs from 20% to 10%.
The fentanyl issue, Trump emphasized, was central to the talks. Xi, he said, promised direct action to stem the deadly drug’s flow into the United States. “On fentanyl, we agreed that he was going to work very hard to stop the flow,” Trump said. “I think you’re going to see some real action taken.”
As part of the agreement, China will resume large-scale imports of American soybeans, a key export for U.S. farmers, and begin buying American energy products. “China also agreed that they will begin the process of purchasing American Energy,” Trump wrote in a Truth Social post. “In fact, a very large scale transaction may take place concerning the purchase of Oil and Gas from the Great State of Alaska.”
Trump celebrated the meeting as “historic,” saying in his online statement: “There is enormous respect between our two Countries, and that will only be enhanced with what just took place. We agreed on many things, with others, even of high importance, being very close to resolved.” He said the arrangements would “deliver prosperity and security to millions of Americans,” adding confidently that “our Farmers will be very happy,” and even encouraging them to “go out and buy more land and larger tractors.”
Although Taiwan was not discussed, Trump noted that the leaders spent “a long time” talking about the conflict in Ukraine and potential ways to bring it to an end. Reflecting on the overall meeting, Trump said, “I thought it was an amazing meeting,” revealing plans to travel to China in April and expressing his expectation that Xi will make a return visit to the U.S. later this year.
“Hundreds of billions of dollars are being brought into our country because of them,” Trump wrote afterward. “Our Nation is strong, respected, and admired again — and the best is yet to come.”
{Matzav.com}
