The United States said on Thursday (October 20) that tariffs on China will be 47%, down from 57%. The US said there will be no more roadblocks on rare earths, and it is a one-year agreement that will be extended.Trump plans to visit China next April, and his Chinese counterpart, Xi Jinping, will visit the US after that. Trump met Jinping on the final day of a trip to Asia.
After the meeting that lasted 1 hour and 40 minutes, the US said it will reduce the tariff on fentanyl to 10% from 20% on China.
The purchases of soybeans will start immediately.The two leaders have agreed to work together on Ukraine, and they are talking to their Russian counterpart, Vladimir Putin, about denuclearisation.
The meeting was held in Busan, South Korea, a port city about 76 kilometers south from Gyeongju, the main venue for the Asia-Pacific Economic Cooperation summit.
First Published: Oct 30, 2025 10:34 AM IS
