What are the Key Outcomes of the Meeting between Donald Trump and Xi Jinping in Busan, South Korea, on October 30, 2025?

The most recent meeting between Donald Trump and Xi Jinping in Busan, South Korea, on October 30, 2025, resulted in a one-year trade truce and several specific agreements to de-escalate tensions. 

Key outcomes of the meeting include:

• Tariff Reduction: The U.S. agreed to halve its recent 20% tariff increase related to fentanyl precursor chemicals, bringing the overall U.S. tariff rate on Chinese goods from 57% to 47%.
• Rare Earth Minerals: China agreed to pause its announced export restrictions on five key rare earth metals for one year, ensuring their continued flow to global markets.
• Agricultural Purchases: China committed to immediately resume and significantly increase purchases of U.S. agricultural products, specifically agreeing to buy large quantities of soybeans.
• Technology & Export Controls: The U.S. agreed to a one-year suspension of plans to extend technology-related export controls to Chinese subsidiaries, and both sides agreed to suspend tit-for-tat port fees.
• Fentanyl Cooperation: Both leaders pledged to intensify efforts to crack down on the illicit trafficking of fentanyl and its precursor chemicals into the U.S..
• Future Meetings: Trump announced he would visit China in April 2026, and Xi is expected to visit the U.S. sometime after that. 

While described as “amazing” and a “great success” by Trump, some analysts viewed the outcome as a temporary truce that buys time rather than a comprehensive, long-term resolution to all underlying trade and geopolitical issues