The United States agreed to cut tariffs on Chinese importsfollowing talks between US President Donald Trump and Chinese President XiJinping in the South Korean city of Busan on Thursday.
Held on the sidelines of the Asia-Pacific Economic Cooperation(APEC) summit, the meeting was the first between the two leaders since 2019 andlasted nearly two hours. Trump described it as “amazing,” explaining that thetariff reduction reflected confidence that China was taking “strong action”against the illicit fentanyl trade, which remains the leading cause of overdosedeaths in the United States.
The US president had repeatedly emphasized the prospect of reaching anagreement with Xi after US negotiators on Sunday announced a framework withChina to avoid 100% tariffs on Chinese goods and defer Beijing’s export curbson rare earths, a sector it dominates.
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