Trump and Xi Jinping reached an important agreement in Busan
A meeting between US President Donald Trump and Chinese President Xi Jinping took place in the city of Busan, South Korea. This was reported by Zamin.uz.
This meeting was the first face-to-face dialogue between the two state leaders since 2019 and was held at the end of Trump's five-day tour of Southeast Asia. During the negotiations, issues such as reducing trade tensions between the US and China, tariff policies, and strategic cooperation were discussed.
The meeting took place at a South Korean military airfield and lasted two hours. Trump expressed confidence in effective communication before the talks.
Xi Jinping described the occasional disagreements between the two countries as natural. During the negotiations, the Chinese leader stated his readiness to strengthen bilateral relations.
At the conclusion of the meeting, the parties sincerely observed each other. Although the details of the negotiations were not disclosed, experts are evaluating this meeting as a new phase in the relations between the two countries.
Against the backdrop of the talks, global stock markets showed a positive reaction. Chinese stock exchanges reached high levels, and the yuan hit a one-year maximum against the dollar.
This increased investor confidence in the easing of trade tensions. Trump expressed his intention to reduce some tariffs imposed on China.
In return, China agreed to stop exporting chemical substances used in the production of synthetic drug fentanyl, which is widespread in the US. It was also announced that an agreement regarding the TikTok social network is close.
The US Treasury Department reportedly held additional talks with the Chinese delegation to discuss delaying export restrictions on rare earth metals. These metals are important for US technology sectors.
One of the main goals of Trump's Asia tour was to limit China's monopoly in the rare earth metals market. He also signed cooperation agreements with Japan and Southeast Asian countries.
Washington considers this meeting a reliable foundation for future negotiations. According to experts, if the talks continue consistently, trade relations between the US and China may improve, creating stability for the global economy.
