US President Donald Trump boards Air Power One at Gimhae Worldwide Airport in Busan on Oct. 30, 2025, after wrapping up a two-day journey to South Korea. (AP/Yonhap)
US President Donald Trump introduced that China has agreed to droop its export controls on uncommon earths for one 12 months, whereas the US will decrease its tariffs on China by 10 share factors.
“All of the uncommon earths [issue] has been settled, and that’s for the world,” Trump instructed reporters Thursday as he flew again to the US aboard Air Power One following his assembly with Chinese language President Xi Jinping at Gimhae Air Base in Busan.
“There’s no roadblock in any respect on uncommon earths,” Trump stated, including that the 2 sides had reached a “one-year deal that I feel will probably be very routinely prolonged as time goes by.”
US Commerce Consultant Jamieson Greer, who accompanied Trump at his summit with Xi, defined that the US had targeted on export controls of China on uncommon earths. “They’re going to maintain these flowing, which is kind of essential,” Greer stated.
China has additionally agreed to renew purchases of American farm merchandise.
“Large quantities of soybeans and different farm merchandise are going to be bought instantly,” Trump stated. “President Xi approved yesterday for China to begin [. . .] shopping for very massive portions of soybeans and different issues, which I appreciated. That was a really good gesture.”
In trade, the US will decrease its tariffs on China by 10 share factors.
“I put a 20% tariff on China due to the fentanyl coming in, which is a giant tariff, and primarily based on his statements at this time, I lowered it by 10%. So it’s 10% as an alternative of 20% efficient instantly,” Trump stated.
After returning to the presidency, Trump imposed a 20% punitive tariff on China, which he stated was not doing sufficient to cease the stream of fentanyl into the US.
“Ukraine got here up very strongly. We talked about it for a very long time. We’re each going to work collectively to see if we are able to get one thing completed,” Trump stated, including that “Taiwan by no means got here up” within the two leaders’ dialog.
Trump stated he plans to go to China subsequent April and that Xi could be coming to the US “someday after that, whether or not it’s in Florida, Palm Seashore, or Washington, DC.”
As for North Korea, Trump stated, “We have been by no means capable of discuss [with Kim Jong-un] as a result of, look, I used to be so busy,” including that the assembly with Xi “is why we got here.”
“I feel it might have been perhaps disrespectful to the significance of this assembly if we did that. So [. . .] with respect to Kim Jong-un, I’d come again,” the American president added.
Trump described the assembly as a “nice success,” saying it might be a “12” on a “scale from zero to 10.”
“It was assembly for 2 massive, highly effective nations, and that’s the way in which we should always get alongside,” he stated.
By Kim Received-chul, Washington correspondent
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